I’ve been saying this for years.
For every 1 retiree 2.8 (Let’s call it 3) are required to support. When those 3 retire, 9 will need to support them. When those 9 retire, 27 workers will be needed to support them. When those 27 retire, 81 workers will be needed to support them.
Right now there are 61 million on SS. Multiply that x3. 183 million. Now when those 183 million retire, as you can see, soon there will not be enough people in the USA to support retirees. Then there will not be enough workers in the WORLD to support retirees.
And people wonder why the Libs want unrestricted immigration.
But, when "those 3 retire," that original 1 retiree will be dead.
When those 9 retire" - likewise.
You are apparently forgetting that yes, people do eventually die.
Assuming that people begin paying into the system at 25, and retire at 65 (i.e., after 40 years), even if they live on average to 85 (i.e., another 20 years), only 2 workers (between 25 and 65) will have to support each retiree (between 65 and 85).
This is a simplification, to be sure, but illustrates the basic flaw in reasoning of your scenario.
Regards,
“Ive been saying this for years. For every 1 retiree 2.8 (Lets call it 3) are required to support”
I paid in more than I will be getting in retirement.
IIRC, it’s now down to 2.05 workers for every retiree.
I can’t find a citation for the 2.05. Heritage is using the 2.8. Bad enough.