Re:Americans Are Putting Billions More Than Usual in Their 4...
by mywittyname on Thursday January 05, 2017 @04:00PM
(#13331349)
> With current demographics, we should be able to pay 100% of promised benefits until the late 2030's.
The Baby Boomers will be dying off at a hefty rate by 2030. It includes people born between 1946-1964, which will mean they will be between 64-84.
Generation X is quite a bit smaller than the Millennial generation, so SS should start running a surplus again by the 2040s. There are plenty of things that can be done to bridge the 10 year gap. But reverting to pay-as-you-go for a short time isn't a terrible outcome.
The Baby Boomers will be dying off at a hefty rate by 2030. It includes people born between 1946-1964, which will mean they will be between 64-84.
Generation X is quite a bit smaller than the Millennial generation, so SS should start running a surplus again by the 2040s. There are plenty of things that can be done to bridge the 10 year gap. But reverting to pay-as-you-go for a short time isn't a terrible outcome.