3 ms·
My understanding is that life expectancy hasn't really changed much in history, if you don't factor in infant death. The expected lifespan of someone who has al
by bryondowd 10y ago
My understanding is that life expectancy hasn't really changed much in history, if you don't factor in infant death. The expected lifespan of someone who has already survived long enough to join the workforce hasn't actually changed much. So, for the purposes of SS, I would think that's not really an issue.
As I understand it, the entire thing would only have stayed solvent if each successive generation contributed significantly more than the previous one, presumably due to population growth and economic growth.
I may be wrong, just the understanding I've developed from previous discussions.
- maxerickson 10y agoSSA publishes some stuff about it. Figures 2a and 2b are interesting to this discussion: https://www.ssa.gov/oact/NOTES/as120/LifeTables_Body.html https://www.ssa.gov/oact/NOTES/as120/LifeTables_Body.html The number of people living to 65 has increased and they live longer after reaching that age. Take a made up scenario: Say you plan on being able to pay 10 people for 10 years. Something like adding 1 person and 1 year smashes your budget (100->121).