g5000
Diamond Member
- Nov 26, 2011
- 125,188
- 68,069
- Thread starter
- #61
You missed the other salient fact I posted.The only thing wrong with that G5000 is just the other day I was reading about the average life span of 60 as you say when SS was created but this number is deceiving.....the reason the avg was 60 is because we had a lot more deaths for children under a few years old, either death at childbirth or within a couple of years of birth, and if you hit say 20 yrs old, then you were likely to live until your mid 70's or 80's....
I am not saying the age of retirement should not be changed, but just saying it is not true that those that reached retirement age only lived a few years of collecting Social Security....that is not true, they lived for a decade and a half or more on social security, even back then.
I pointed out that in 1935, only 5.4% of the population was over 65, and that today 15% is over 65. A larger and larger percentage of Americans are over 65. The entitlement load is growing and growing and growing.
To drive home that point, I posted this graphic to demonstrate the unsustainability of this trend:
![worker_per_beneficiary_chart_jpeg.jpg](/proxy.php?image=http%3A%2F%2Fpreview.ibb.co%2Fkcfpem%2Fworker_per_beneficiary_chart_jpeg.jpg&hash=fbfbeb009409b39a489e2ed64d076fa9)