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re: The payroll income cap increases every year. Why is SS going broke?
Posted on 4/3/24 at 9:20 pm to GumboPot
Posted on 4/3/24 at 9:20 pm to GumboPot
This is the major problem.
quote:pgpf.org
A major contributor to the unsustainability of the current Social Security program is that the number of workers contributing to the program is growing more slowly than the number of beneficiaries receiving monthly payments. In 1960, there were 5.1 workers per beneficiary; that ratio has dropped to 2.8 today.
This post was edited on 4/3/24 at 9:21 pm
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