Posted on 06/15/2024 1:21:49 PM PDT by ChicagoConservative27
America's growing and aging population has led financial experts to raise concerns over the impact on the Social Security system, for which the number of claimants is also rising.
The U.S. population has increased by over 103 million over the last five decades, and data from the Social Security Administration (SSA) shows that the proportion of Social Security claimants has risen by more than seven percent in this time.
SSA data showed the average growth rate of Social Security recipients is 1.8 percent. If this trend stays the same, the number of beneficiaries will have increased by roughly 36,221,550 in 2053, the latest year in which a population prediction is provided by the Congressional Budget Office. This could equate to 27.7 percent—or more than a quarter—of all U.S. residents based on population forecasts.
(Excerpt) Read more at newsweek.com ...
the number of beneficiaries will have increased by roughly 36,221,550 in 2053, the latest year in which a population prediction is provided by the Congressional Budget Office. This could equate to 27.7 percent—
Or both.....
In ten years time, there won’t be any money left to give to Ukraine. Half the GDP now going towards paying the interest on the national debt. SS will be broke. Medicare will be broke. Soon there will be barely anything left of the GDP to pay for welfare, disaster relief, infrastructure repairs, … or war. Worse than a Ponzi scheme.
The people have been electing corrupt lawyers turned professional politicians for many decades.
And now? We have homeless everywhere, lawless open borders with millions flooding in, foreign policies that are economically gang raping Americans, 34 trillion zillion in debt....
What a joke...
What is the average growth rate for WELFARE recipients?
I never hear about that entitlement mentioned.
..
Well, when you suddenly have an extra 26 million folks tapping into the trough.......... Somewhere some agency is tapping in to it.
DEPOPULATE those seniors not working. Problem solved.
The people have been electing corrupt lawyers turned professional politicians for many decades.
And now? We have homeless everywhere, lawless open borders with millions flooding in, foreign policies that are economically gang raping Americans, 34 trillion zillion in debt....
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If I ran a business like these corrupt lawyer politicians run this country, I’d be bankrupt, starving and living under a freeway on-ramp.
It’s going to fall apart when more and more illegal extended families start coming up here. Grandma and grandpa an old aunt and uncle will burden it further.
That would be after you served your prison term.
I know a whole lot of older working Americans who have lost their jobs in their mid-50s and later, especially during the early COVID-19 lockdown debacle, and they needed to start SS a lot earlier than planned.
Someone wasn’t thinking far enough ahead.
Lets get more invaders here. Maybe they can help.
Social Security was introduced FDR in 1935. Life expectancy was 59.9 for men and 63.9 for women. No one expected that we would live long enough to collect; it was simply another scam to fund the bloated federal government. The joke is on you D.C.
Hey, I resemble that remark! Although we’re retired and not working, we pay plenty of taxes on our income from pensions, SS, and interest on investments. Depopulate the lazy people who live on welfare, gotten from my paid taxes.
The current regime has spent billions on illegal aliens in 3.5 years. Now another billion plus weaponry today to Ukraine. So they have their priorities and it doesn’t include social security.
No, if you ran a business like the politicians run the government—you would be serving life in the penitentiary.
Sorry it was 1/2 sarcasm 1/2 government scheme.
The lawyer politicians in D.C. have given away over 110 billion Ukraine alone.
Thrown in 10 year long “compassionate wars” costing 4 trillion, tens of hundreds of billions in foreign aid influence/bribe money, millions of illegals choking off social services met for Americans, choking off our hospitals, jails, schools you name it.
These are policies only enemies of America would support.
My mother, who raised 6 kids, worked outside the home for about 12 years when the last of us was old enough that she didn’t need to be home.
She then collected social security for about 30 years after that.
Very roughly, I estimate she put in about $20K, and got out about $200K
I don’t know how any system survives such math.
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