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Social security was designed around seniors dying at age 65.

In 1935, when the Social Security Act was signed into law, the average person entering the workforce could be expected to die at about 65 years old.

When the checks first went out, in 1940, the average recipient received $22.60 a month, or about $550 in today’s dollars. Such payments did not require too much sacrifice—just a 1 percent tax on the first $3,000 of a person’s earnings, matched by their employer—because there were many times more workers than there were beneficiaries.

The average 65-year-old now has about 20 years left to live, up from 13 years in 1940. America used to have enough workers to support its population of retirees.Thanks to progressive liberalism, women prefer college and social activism to making babies.
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TheHammer · M
I see where you come from.
Women prefer college than making babies?😄😄😄
DealingWithTrouble · 41-45, M
the average person entering the workforce could be expected to die at about 65 years old.

No, you are completely wrong - "average life expectancy" is mostly impacted by people dying in childhood, not the average person dropping dead at that age.

Throwing around that claim is just being mathematically illiterate. Early deaths also meant that despite lots of investment in children through mothers being out of the workforce, all of that investment was wasted since they didn't survive to adulthood when they could actually contribute to the economy. On the other hand, today almost every baby born is likely to live to old age and spend a lifetime working and giving back to society.

You even point it out later yourself -

The average 65-year-old now has about 20 years left to live, up from 13 years in 1940.

The average duration of recieving benefits is 20 years now, compared to 13 years in 1940 - but PRODUCTIVITY has increased by more than 5x since 1947 (the first year figures are available) - https://fred.stlouisfed.org/series/OPHNFB

On top of that, in 1940 women only had a workforce participation rate of 20%, compared to 74% today - a much higher proportion of the population is working and contributing to the economy, so there are more workers per non-working population than ever.

Mathematically, Americans should be retiring SOONER, not later. Social security is more sustainable than ever - the only thing undermining it is politicians giving tax cuts to the rich.

Counting both non-working seniors AND children, in 1960 at the height of the baby boom, only 59% of the population was "working age" - in 2050, at the height of the supposed "retirement crisis", 61% of the population in the US will be "working age" - tell me exactly how that's supposed to be some kind of "crisis" and not a policy choice?
1490wayb · 56-60, M
also numerous people retired early in their 50's and started collecting immediately also helping drain the funds. and then housewives who never worked outside the home like my mother also can collect based on their husbands income.
sree251 · 41-45, M
@1490wayb Your mother was part and parcel of a union with your father. It's similar to your legs and arms being part and parcel of you. What you eat through your mouth go to nourish all parts of your body. Do you get what I am saying?
samueltyler2 · 80-89, M
Are you kidding, you blame liberalism for women working? How about many are forced to work to support their families?

How about the fact that those earning abovr the social security tax cap are being given a huge break on those taxes which could help shore up the reserves? How about the fact that many people on supplemental social security could be better covered by some form of universal medical coverage?

I could go one, but you probably slready ignored all of my points, so why waste my time?
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whowasthatmaskedman · 70-79, M
I have to admit that it is a novel approach to the problem of Social Security funding to reduce the American life expectancy. But in accounting terms it will work..😷
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SunshineGirl · 36-40, F
There is no shortage of workers to support our ageing populations. Just remove the blinkers. What is more important? Caring for our ekderly or having an ethnically homogenous population?
TheHammer · M
Do your point is that human longevity affects the fluidity of the social security program, but your conclusion is that the problem is women going to college.
Wtf

 
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