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I did and discovered that the projections assume the economy will grow an average of 1. job search australia Free find person. 5 percent a year (after inflation) for the next 75 years--half the rate of the previous 75, and matched in only one decade this century, from 1910-20. Even the 1930s, the decade of the Great Depression, saw a faster growth rate. What would happen if the economy grew at a peppier 2. job search australia Make-word-search-puzzles. 2 percent rate? The trustees provide alternative projections based on that as well, and, gosh, the system remains solvent indefinitely. At 2. 5 percent--still slower than the 75-year average--it runs a surplus. job search australia Scholarship search. About the only other journalist to question the dire predictions for Social Security's future was Robert Kuttner, in his Business Week column. "]. . . The system has been funded with some general revenue in the past. And it probably will be getting much more general revenue in the future. In 26 of the 63 years of Social Security's existence, payroll taxes haven't covered its costs and the shortfall was made up from other revenue sources. That happened as recently as 1995. [Isn't it interesting that this fact has been completely absent from the Social Security debate?]WASHINGTON POSTRICHARD DU BOFF, UNCOMMON SENSE: [Du Boff is a professor of economics at Bryn Mawr College] The economic burden of supporting retirees is often measured by what is called the "dependency ratio"-- the number of elderly compared to the number of people of working age (20 to 64 years). This ratio is projected to rise from 21. 4 seniors per 100 workers in 1995 to 35. 5 seniors per 100 workers in 2030, as the number of Americans aged 65 and over grows from 34 million to around 70 million--and from 13 to 20 percent of the population. Thus, as the postwar baby boom generation reaches retirement age starting in 2012, it will have to be supported by the relatively smaller cohort born during the low birth-rate years of the past three decades. The problem here is that the working population must support all those who do not work--children as well as the elderly. This "total dependency ratio" changes the picture: the ratio of all dependents to workers is projected to rise from 70. 9 percent in 1995 to 78. 8 percent by 2030 and 80 percent in 2050. Not only does this represent a much lower rate of growth than when only the elderly are included; it also reveals that total dependency at its estimated future peak will still be well below what it was from 1960 to 1975, when it averaged 89 percent of those working.
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