Jul 142012
Demographic Time Bomb in Pictures and Dollar Amounts; Ratio of Social Security Beneficiaries to Private Employment Now Exceeds 50%
Some disturbing/interesting graphs, but the money quote is this:
- As of 2012-06 the civilian labor force was 155,163,000
- As of 2012-06 there were 111,145,000 in the private workforce
- As of 2012-06 there were 56,174,538 collecting some form of SS or disability benefit
- Ratio of SS beneficiaries to private employment just passed the 50% mark (50.54%)
Translation: for everyone on Social Security, there are now less than two people working to support them.
Yeah, no. That ain’t gonna work.