With fewer than 2 workers per retiree, how will social security be funded?

[Kelley1]

The Marriage Rate and Number of Children per Marriage is made Record Lows.

[abc3643]

As I answered in your last question on this topic...
Since retirees are financed by current workers, how will social security be paid when in 5 years, the number of workers per retiree falls below 2? ↗
Congress can do whatever it wants to fund Social Security.

The example I gave in the earlier question was from 1983. Prior to 1983, everyone who was 65 or older was eligiblefor the "full benefit" Social Security. Then, they phased in a graduated full benefit age. Since I am born in 1963 (after 1960), my full benefit age is 67. My wife, born in 1957, was eligible for full retirement at age 66 years 6 month. Congress updated this because life expectancy was increasing so more people were living long-enough to collect.

But that was one action. Congress can do all sorts of things. For instance, off the top of my head, reduce defense spending or have a luxury tax on real estate purchases.

I wouldn't be so focused on Social Security as how the lower birthrate will effect everything else. This isn't just happening in the United States but pretty much every country on Earth.

[Kelley1]

Congress can do whatever they choose. They can do what they are now doing. Claim inflation is half the actual inflation, then give cost-of-living increases at the official inflation rate, and blame greedy businesses for the higher prices. The problem with that is that the birth rate is decreasing faster than half the inflation rate, and most new jobs are service jobs that pay less, so the social security taxes will be less. Congress can eliminate cost-of-living increases, forcing retirees to have less and less for the last five or ten years of their lives. I'm sure Congress will do something such as raise the tax rate or increase the retirement age to 70.

[sawno]

It won't be that is why I am not at all interested in my own one. I feel like at that point that whole systen will have collapsed.

[OlderAndWiser]

I don't know, but we can blame FDR for this fiasco.

[ohsheeT]

I'm not sure but Trump came out and said that if you are working you better start talking to your employer and start setting up a retirement plan because they are going to be responsible for it

Or we are going to be responsible for our own retirement that kind of sucks because of all the taxes that they take out still and they're just going to let everybody sit high and dry not unless you become disabled that money will never run out as long as the government doesn't do what they did with our Social Security money

[molonski2]

It won't be , as we discussed previously it's a unfunded liability now , therefore debt will increase and the can kicked down the road for another 10 years.

USA , Iget " land of the free " and all that.. BUT SS is being paid to everyone on reaching a certain age , Warren Buffet collects for himself and wife , every month , foreigners who have lived there years get it , Paul Hogan as just one example , but there are 1000s richer than him

Tax free !

It needs to be means tested , like YESTERDAY.

[NaultD]

Uncap social security tax. The billionairs and soon to be trillionairs have proven they are a net negative to society and their own well being. Maybe tax them in a five year plan and let them figure out a passion project that isn't space travel

Something sustainable for earth. Space is just a mega yacht to escape dooms day. Bleed them out of being billionairs into something they enjoy is fair enough. From there they'll be enough breathing room to have kids and do cool things outside again.

Everything is min maxing into retirement and it sucks.

[Cidknee]

You figure the the birth rate is lower because of some kind of concern for the planet, SS, or whatever?

[NaultD]

@Cidknee more day to day care. Biggest concern is hope for the future. Am I giving birth to a child a burden i personal can't handle? Even heat of the moment will make a thinker soft let alone flirting to go on a first date.

On top of that do we want a world that that father's finish without a care of the mess they leave behind?

[Cidknee]

I think it's the infiltration of the warped liberal mind, who thought it not only a good but lawful idea, into thr schools and Universities.

[Cidknee]

To provide themselves with a voting base brainwashed to do their biding.

[blueonblack22]

@naultd I get where you are coming from. But this “nuke the rich” and “capitalism is evil” is a very slippery slope. It’s been used before in history for “revolutions” which in turn created heinously oppressive regimes (Soviet Union, Castro regime, people republic of North Korea, etc.).

These billionaires have created 100s of thousands of jobs, opportunity and capital in their own right. I know you are going to say “well they underpay their workers” but it’s not that simple at all.

[NaultD]

@blueonblack22 with this ai they are actively destroying jobs. Historically they had to co habitat with everyday people so they invested locally so they didn't have to live in a shithole. Today they can go on a mega yacht and abandon everyday people.

https://youtu.be/OKvyLusxL8Q?si=rokVXmjztKvcBQfQ

[Cidknee]

Does that make them wrong? Everyone else does what they want, albeit, if they can afford it. We all do what we want. Its noble and probably feels so good to say "I wouldn't do that! I'd save the world." Then when somebody tries to you all hate the man.

[NaultD]

@Cidknee should we accept that billionaire can kidnap children to epstein island?

[blueonblack22]

New inventions have revolutionized industries for decades. The train, automobile, radio, television, internet and now AI have always done this.

It’s going to cause unemployment in short term. Not denying that. But you need to know how to ADAPT to the new technology.

It’s happening in my own industry right now. It’s already replaced some lesser skilled / experienced are getting displaced. But instead of panicking about job security I am embracing it and diversifying my skillsets. It’s scary but the sky isn’t falling.

We can’t just “ban AI”. Because if we don’t use other enemies will (e. g. China).

You can’t judge things as “black and white”. It’s not that simple. You need to listen to dissenting opinions.

[NaultD]

@blueonblack22 tax the billionairs is how we would adapt. In the same way we tax the rich to make all the roads for cars.

[Cidknee]

Of course not!

[NaultD]

@Cidknee so sin tax them out of that range. STOP molesting children and go plant trees or something. Anything else would be cool. Do you want the government spending your money or do you want to make a difference? Just spend money. do somethin with it that maybe everyday people can enjoy.

[blueonblack22]

Do you know Fidel Castro was almost a billionaire and he never created anything tangible beyond exploiting a poor country and while promising “equality”?

www.forbes.com/.../

[blueonblack22]

“ so sin tax them out of that range. STOP molesting children and go plant trees or something. ”

This says more about you than the people you are trying to criticize.

[Cidknee]

You can't label every one that has a billion dollars as a pedo. That's ridiculous. The ones that are just bribe judges and DA's.

[NaultD]

@Cidknee @blueonblack22 that's why we're sin taxing them not industrial prosecuting them. Let's be honest bill gates and stephen hawking being tempted by epstein island exploits is dangerous for all of humanity. Little push in the right direction goes a long way.

[Cidknee]

Since tax is not American

[NaultD]

@Cidknee sin tax is a thing right now with alcohol and cigarettes.

[Cidknee]

Not the sin of making to much money though.

[blueonblack22]

@Cidknee you are wasting your time with him. It’s the original sin of envy. It’s what made Cain kill Able.

We are all going to feel this resentment, jealousy and envy at some point. I think social media has made it 10x worse. Because we are constantly someone who has it better then us. But what we choose to do with that negative feeling is what matters.

This guy wants destruction. He’s ruled by his emotions. Cared more about “being right” then WHAT is right. And destroying success eventually leads to your own misery.

[Cidknee]

Yeah, I've very little and compared to a billionaire, shit. But that's not the point.

[Just_Ken]

Think on this. In the UK you used to get to retire at age 60, then it was 65 and soon it will be 70 or older.

What governments aren't saying is that everyone who has retired or is approaching retirement age has already paid for their retirement but various governments have spent that on wars, corporate bail outs and filling their own pockets.

[Lliam]

The federal government should pay back the approximately $2.5 to $2.8 trillion it has "borrowed" from the Social Security Trust Funds over the past few decades.
Social Security was supposed to be a trust fund for retirees and others who qualified, not a tax.

[BonzoInBitburg]

It can't be done with a low birthrate and net negative immigration. 2025 was the first year in many decades that more legal immigrants left the US than entered meaning fewer taxpayers. The math doesn't work if number of taxpayers is decreasing significantly while spending increases significantly. Social Security will have to be reduced dramatically in the next few years and taxes will have to be significantly increased.

[darkcloud1945]

Go through the Social Security list of people and get rid of the dead people collecting S/S, get rid of the people collecting three or four checks, and get rid of the people collecting S/S disability who are healthy. Get rid of the AMERICA LAST DEMOCRATIC COMMUNIST PARTY OF AMERICA, giving our S/S to illegal aliens, and there will be plenty of money, and have the Federal Government pay back the billions borrowed from the fund to run the Viet Nam war, and gave IOUs that they would pay the money back and never did. Stop adding things that give money to people for no reason other than they applied for it

[Likes2drive]

Well, if they weren’t playing with the money that is meant for our retirement, then we wouldn’t have to rely on current workers because the money is supposed to already be there for us but this certainly is a problem and hopefully they are able to create more jobs instead of less jobs with all this AI

[Miristheiss]

It may not.

Feminist women do not want kids.

Invest starting at 18-20. Deposit money ftom EVERY check into your investments so you'll have several million at retirement.

[Lynx122]

The U. S. is gonna go broke soon anyway so I wouldn't worry too much about it.

[genericname85]

it won't. people will just die in poverty if they didn't save up for their own private retirement fund.

[MrChinaski]

You asked this before. My answer is the same. You are missing the point. The economic question is what will be left of the economy once you move people into aged care, nursing, etc. How you pay for it is very second order... tax, borrow, whatever.

[Kelley1]

How is that relevant? How many times did you see the ad, "Don't Squeeze the Charmin?"

[MrChinaski]

A century of retirement policy hasn't changed in the pat 48 hours.

[jimbob70]

Really as you work money go Social security but the Government takes it for benefit , vacation they have stolen our money for 100 years

[jimbob70]

Hi. Like to chat have fun

[Sevenpointfive]

with the money he's stolen we could have had free healthcare. now we know that they just didn't want to do it.

[NathanDavis]

we're going to fund Elon and AI instead...

[Zack-Bann]

Cut off all the deadbeat leeches and suddenly the whole thing won’t so broke

[MikeTheBartender]

Lower population could mean extremely low cost housing which would drastically reduce inflation.

[NaultD]

Only thing worse then high inflation is any amount of shrinking or reduced economy.

[abc3643]

@MikeTheBartender That makes sense except that doesn't happen. Instead, institutional buyers then buy those homes, raze them, and then build McMansions for the wealthy.

It's just like why concert tickets are now ridiculously expensive. Organizations like TicketMaster (or whoever they are this week) buy a zillion tickets to concerts or other events BEFORE normal people and then resell them at a profit. So, unless you are wealthy, you're fucked.

Back to real estate, the institutional buyers pay the seller a high price... higher than what most people can pay. Then, by razing the property and building something much more expensive, they more than recover their investment. But, bottom line, regular people get fucked and the wealthy don't.

[NaultD]

@abc3643 on top of that our national debt is a thing. Our greatest tool is using normal 3% inflation to mitigate and control our country's dedt.

If our economy shrinks our dedt grows.

[KostasKouvalis]

Not my problem. They should've made a savings account for such an occasion. Have the rich people pay for it

[goaded]

By retrieving the wealth stolen from the workers since Reagan.

[exitseven]

If all the fraud is stopped it will be more than enough to fund it.

[QuietRunner]

The Automated Deposit Tax or the Universal Exchange Tax

Universal Exchange Tax

[Cidknee]

End corruption! With folks getting checks for 50 plus years after they've died, what can you do?

[Agape93]

It won't be. You got at most like 20 years of it.

[noohair]

aha!!! that is the question...

[jamesgoldman]

It won't be... soon will come the culling

[Mike_Hum]

All we have to do is stop the stealing.

[Ariesman81Nshiiit]

With immigrants silly girl

[eagle1951]

go question