Social Security is in much more trouble than you thought. A piece in the New York Times shows the Social Security Administration’s forecast are pretty much worthless. For example, their projected death rates look like this:
First of all, the curves should not cross. But more importantly, they should certainly never go to 100%! According to the Social Security Administration, I will never collect Social Security, because there is a 100% chance that I will die by 2028.
With assumptions like this, it’s easy to see that the Administration’s estimate that it won’t run out of IOUs until 2033 is worthless.
Internet Scofflaw 
You must be logged in to post a comment.