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View Diary: "Entitlement Reforms" That Progressives Can Support (113 comments)

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  •  Not as demographics currently stand (0+ / 0-)

    The ratio of workers to SS recipients has been declining, and will decline further.
    http://www.ssa.gov/...

    Today 12 percent of the total population is aged 65 or older, but by 2080, it will be 23 percent. At the same time, the working-age population is shrinking from 60 percent today to a projected 54 percent in 2080. Consequently, the Social Security system is experiencing a declining worker-to-beneficiary ratio, which will fall from 3.3 in 2005 to 2.1 in 2040
    http://www.ssa.gov/...

    "No one life is more important than another. No one voice is more valid than another. Each life is a treasure. Each voice deserves to be heard." Patriot Daily News Clearinghouse & Onomastic

    by Catte Nappe on Fri Mar 08, 2013 at 08:21:32 AM PST

    [ Parent ]

    •  this is only a problem (1+ / 0-)
      Recommended by:
      Catte Nappe

      if unemployment and underemployment reduce the hours worked, wages stagnate and there is inadequate inflation. which is the exact results of austerity, but need not be The Way Things Are.

      •  Disagree (0+ / 0-)

        Even with full employment and living wage levels of income, the effect of going from 16 to 8 to 4 to 2 workers for every retiree becomes unsustainable. Average SS payment is 12,300/mo. For two workers to support that with full time 40/hr week job, they will have to contribute nearly $4 per hour.  At $15 hour the current SS tax is closer to $2

        "No one life is more important than another. No one voice is more valid than another. Each life is a treasure. Each voice deserves to be heard." Patriot Daily News Clearinghouse & Onomastic

        by Catte Nappe on Fri Mar 08, 2013 at 12:38:11 PM PST

        [ Parent ]

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