re: The payroll income cap increases every year. Why is SS going broke?

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What's the deal about SS going broke? Are their too many deadbeats not paying into the system.

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The issue is the Baby Boomers. After WWII the returning soldier generation multiplied like rabbits. Subsequent generations have toned it down to a more stable reproductive rate. The SS problem is that we are entering into a time where there will be more drawers than payers than it takes to keep the balance of the pyramid scheme.

SS is just basicly a govt plan where people paying now pay for people who are drawing. So if you get an imbalance then the money pool goes up or down depending on which side of the equation the excess is on.