Does anyone in Congress even discuss this issue anymore ? As best I can tell not much : from either side . (Save for the off chance rhetoric about raising taxes on thr rich or making it more Progressive in its operation ) Alas .
“Demographic changes—especially an increase in the number of people age 65 or older relative to the number of people ages 20 to 64—are the largest driver of the increase in Social Security’s outlays relative to the size of the economy since 1984.”
Q: has someone done the math and verified that this is true? Based on data you provided a few months ago, it seems to me quite possible that the fact that benefits go up with average earnings rather than go up with inflation is likely to be an even bigger driver of the increase in SS outlays over the last 40 years.
(P.S. either way, I support increasing the full benefits retirement age beyond what it is now.)
Does anyone in Congress even discuss this issue anymore ? As best I can tell not much : from either side . (Save for the off chance rhetoric about raising taxes on thr rich or making it more Progressive in its operation ) Alas .
“Demographic changes—especially an increase in the number of people age 65 or older relative to the number of people ages 20 to 64—are the largest driver of the increase in Social Security’s outlays relative to the size of the economy since 1984.”
Q: has someone done the math and verified that this is true? Based on data you provided a few months ago, it seems to me quite possible that the fact that benefits go up with average earnings rather than go up with inflation is likely to be an even bigger driver of the increase in SS outlays over the last 40 years.
(P.S. either way, I support increasing the full benefits retirement age beyond what it is now.)