Friday, January 25, 2008

Too worried over Social Security?

I've been worried for more than a decade about how the ratio of payers into Social Security moved from 40-to-1 at the program's inception to 3-to-1 today (and projected to be 2-to-1 when the last of the Baby Boomers start collecting benefits).

Bryan Caplan raises a different ratio from payers-to-collectors: Workers-to-Dependents, which is actually rising from 1.05 in the Sixties to 1.27 in 2030.

The decrease of children is offset by the increase of women in the workforce.

UPDATE: Bryan has provided a nice graph in a subsequent post:

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