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FogerRox

(13,211 posts)
Thu Mar 14, 2013, 07:05 PM Mar 2013

"Social Security Won't Be There" - The GOP's Desperate Big Lie, By bernardpliers

Excellent OP and to the point and simple, ya'll should get it. Must read.

GOPers are frantic to cut Social Security before the truth gets out - that people under 40 are in great shape to collect Social Security.

Why? Because by 2050, Baby Boomers will be dying off rapidly. America had very high birth rates from the end of WW2 (1946) until the birth control pill became widely available (1965), and that is "Baby Boom," the demographic goat in the python that is supposed to bankrupt Social Security. The reason this is a looming problem is that the Boomers are hitting retirement age (1946+65=2011).

To see how long the Boomers will live, we can check the Social Security age/survival curves through 2100 (see the bottom of the page)

By 2050 the youngest Boomers will be 85 years old (2050-1965=85) and, according to the survival curves, half of even the youngest boomers will be dead. The oldest boomers will be 104 years old (2050-1946=104) and the number still living will be statistically insignificant.

By 2050, most of the Baby Boom will dead.

Fifty percent of the youngest Boomers will be dead at the age of 85, and only a tiny number of the oldest Boomers will still be alive.


More:
http://www.dailykos.com/story/2013/03/01/1190931/--Social-Security-Won-t-Be-There-The-GOP-s-Desperate-Big-Lie
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