“The rapid decline in the ratio of workers to beneficiaries in the 1970s reflected both a stagflationary economy that was not conducive to job creation and an increase in SSA beneficiaries of nearly 10 million in the decade. The freefall in the ratio since 2000 reflects an extraordinary number of new beneficiaries and a structural decline in full-time employment. These trends are not temporary; as the Baby Boom ages, the number of beneficiaries is set to rise from 57 million to 90 million. Fantasy and denial aside, there is no evidence that the forces eroding full-time employment will magically vanish in the coming decades.”
http://charleshughsmith.blogspot.com/2013/08/charting-insolvency-social-security-and.html
(Visited 24 times, 1 visits today)
Related posts:
A Colonial Gatekeeper That Hillary Would've Approved Of
The Unbearable Truth About Infrastructure and Urban Sprawl
The Never-Ending Story of Government Cost Overruns
A Dozen Things I’ve Learned From Michael Mauboussin About Investing
Identity Theft, Credit Reports, and You
Substitutionary Justice In A Free Society
The Man Who Was Treated for $17,000 Less
John Hussman: The Bubble Right In Front Of Our Faces
Don’t Be Fooled, ObamaCare Will Drive Up Unemployment and Healthcare Costs
Paul Craig Roberts: The Republicans Cross The Rubicon
What is an American? Forget the state and just be a child of the nation
Travel Surveillance, Traveler Intrusion [2013]
China plans to turn itself into a country of 19 super-regions
Paul Craig Roberts: Too Many Years Of Lies, From Mossadeq to 9/11
Fleecing the Taxpayer in the Age of Petty Tyrannies