3 ms·
I don't have the exact actuarial data (nor the expertise to convert into numbers), but eyeballing figure 5 here: https://www.ssa.gov/OACT/NOTES/as120/LifeTables
by microtherion 8y ago
I don't have the exact actuarial data (nor the expertise to convert into numbers), but eyeballing figure 5 here: https://www.ssa.gov/OACT/NOTES/as120/LifeTables_Body.html https://www.ssa.gov/OACT/NOTES/as120/LifeTables_Body.html
It appears that in 1950, a 20 year old had about a 73% chance of living to 65. In 2000, that likelihood was about 83%. A nice improvement, to be sure, but not an enormous increase.
(My point being that if somebody dies before ever paying into SS, they make no difference to the accounting one way or the other, and a lot of the change in life expectancy was indeed based on reducing mortality at younger ages).