Well, our new little baby boom aside, it won't skew the numbers much when it comes to our current glut of Baby Boomers hitting retirement age. They'll move through the system like a pig through a python......
Remember, in 1950 we had 16 workers for every American collecting Social Security. By 2008 it was just 3.3 workers per retiree. In twenty years, we're down to 2 workers per retiree. We need to be procreating a whole lot more if we're going to pay 65 year olds a government pension and replace their hips.
And still, SS is relatively easy to fix. Raise the age to 70 or so and drop the benefits....raise taxes a small amount, throw in a little means testing. We'll probably see all of the above by the time they get around to it (if they ever do).
It's the Medicare nightmare that cripples us if we don't cut that *way* back. This is the big problem.....and must be dealt with. Still both programs combined will cost 25% of our tax dollars in ten years if not dealt with.....by 2030 (half way through the BB retirement years), we're at 50%. So, half of our tax dollars will go to caring for the Boomers.
And so, it would be a pretty good idea to be saving as much as you can
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