4 ms·
In fairness, issue two is probably better addressed at the national level -- something like what Social Security's original intention seemed to be: a safety bla
by onlyrealcuzzo 7y ago
In fairness, issue two is probably better addressed at the national level -- something like what Social Security's original intention seemed to be: a safety blanket for those who lived much longer than expected.
In 1935 when SS was enacted, life expectancy was 61.7 years. benefits didn't kick in until the average person was dead by 3.3 years.
If this chart is accurate: http://vis.stanford.edu/jheer/d3/pyramid/shift.html http://vis.stanford.edu/jheer/d3/pyramid/shift.html -- it looks like in 1930 less than ~5% of the population was older than 65.
If this chart is accurate: https://data.worldbank.org/indicator/SP.POP.65UP.TO.ZS?locations=US https://data.worldbank.org/indicator/SP.POP.65UP.TO.ZS?locat... -- it looks like ~15% of the population is currently older than 65.
- refurb 7y agolife expectancy in 1935 was severely dragged down by infant mortality. What was the life expectancy at age 18? At retirement age? If you made it past childhood, you were pretty likely to die far later than 61 years.
- onlyrealcuzzo 7y agoThat's why I also looked at the percentage of people that were older than 65. It's 3x higher now.