“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

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