Re:Social Security now expected to run short on funds in 203...
by TheCleric on Sunday May 12, 2024 @06:11PM
(#40337957)
> has there been a significant change in demographics between 1983 and now
Bingo. The baby boomer generation that is hitting retirement now is living longer on average than any prior generation. Basically the math for payouts expected a certain amount of eligible people would either not make retirement age or would only collect retirement on average of X years before dying. That looks to be a miscalculation at this point:
Bingo. The baby boomer generation that is hitting retirement now is living longer on average than any prior generation. Basically the math for payouts expected a certain amount of eligible people would either not make retirement age or would only collect retirement on average of X years before dying. That looks to be a miscalculation at this point:
https://www.investopedia.com/articles/personal-finance/02251...