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The Water Cooler
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Where did the idea of retiring at age 62 and living off the gov come from
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<blockquote data-quote="cscokd" data-source="post: 2053880" data-attributes="member: 5609"><p>Well, while we are talking numbers...</p><p></p><p>US Workforce 1941: 99,900</p><p>US Workforce 2008: 233,788</p><p>US Workforce percentage change: 234%</p><p></p><p><a href="http://www.bls.gov/cps/cpsaat01.htm" target="_blank">http://www.bls.gov/cps/cpsaat01.htm</a></p><p></p><p>SS Beneficiaries 1940 &#8211; 222,488 &#8211; $35,000,000 NOTE: Not everyone over age 65 was a beneficiary.</p><p>SS Beneficiaries 2008 &#8211; 50,898,244 &#8211; $615,344,000,000</p><p>SS Beneficiaries percentage change: 22,877% increase</p><p></p><p><a href="http://en.wikipedia.org/wiki/Social_Security_(United_States)#Total_benefits_paid.2C_by_year" target="_blank">http://en.wikipedia.org/wiki/Social_Security_(United_States)#Total_benefits_paid.2C_by_year</a></p><p></p><p>Ratio of workers to beneficiaries:</p><p>1940: 1:2.23</p><p>2008: 1:217.7</p><p></p><p>Granted, longevity is only one aspect of the problem, but I think it is a major part of it. Either way, the numbers make it obvious that this is not a sustainable program.</p></blockquote><p></p>
[QUOTE="cscokd, post: 2053880, member: 5609"] Well, while we are talking numbers... US Workforce 1941: 99,900 US Workforce 2008: 233,788 US Workforce percentage change: 234% [url]http://www.bls.gov/cps/cpsaat01.htm[/url] SS Beneficiaries 1940 – 222,488 – $35,000,000 NOTE: Not everyone over age 65 was a beneficiary. SS Beneficiaries 2008 – 50,898,244 – $615,344,000,000 SS Beneficiaries percentage change: 22,877% increase [url]http://en.wikipedia.org/wiki/Social_Security_(United_States)#Total_benefits_paid.2C_by_year[/url] Ratio of workers to beneficiaries: 1940: 1:2.23 2008: 1:217.7 Granted, longevity is only one aspect of the problem, but I think it is a major part of it. Either way, the numbers make it obvious that this is not a sustainable program. [/QUOTE]
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