If I am not mistaken, the average life expectancy was 62 when the original eligibility was set at 65. I could be wrong, though.

--
Al Reid

"It ain't what you don't know that gets you into trouble. It's what you know
for sure that just ain't so." --- Mark Twain

"Fletis Humplebacker" ! wrote in message ...

"Charlie Self"
Rich Chamberlain writes:

Regardless of what that article says about the growth of the economy,
the real reason for the crisis is the number of workers per retiree.
Back in the 30s, it was close to 300 workers paying for the SS of one
retiree. Today, it's at 3 and heading to 2 with a bullet.

And most of the money paid in has been stolen. Whoops. Pols don't steal. They
simply take and use for other purposes.

By the way, when in the '30s was it 300 to 1?

That tells me one thing - I need to pump up my 401k and other savings,
because I'm not counting on SS.

SS was never intended, or, rather, was not originally intended, as a complete
retirement program. It was to be a supplement for those who couldn't make
enough money to save on their own, but was never intended to be all the income
anyone had. Of course, now it often is and in some areas, for some people, it
is more than adequate.


Also, it was designed to be distributed to the recipient for maybe 5 years.
People are living much longer these days.