Blame it on the boomers.Changing demographic See demographics. are the major reason Social Security will run out of money by 2032. As the estimated 76 million baby boomers See generation X. retire, their numbers will skew (1) The misalignment of a document or punch card in the feed tray or hopper that prohibits it from being scanned or read properly. (2) In facsimile, the difference in rectangularity between the received and transmitted page. the balance between recipients and contributors and create a deficit in the fund.
Ratio of Workers
Year to Beneficiaries
1960 8.6 to 1
1965 4.0 to 1
1998 3.3 to 1
2025 2.2 to 1
2040 2.0 to 1
2070 1.8 to 1
Source: Understanding Social Security: The Issues and Alternatives, AICPA AICPA See American Institute of Certified Public Accountants (AICPA). Tax Division.3 |
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