Submitted by PM_Ur_Illiac_Furrows t3_11q7ed4 in dataisbeautiful
ktxhopem3276 t1_jc2hl17 wrote
Reply to comment by smurficus103 in [OC] US Social Security Fund History by PM_Ur_Illiac_Furrows
Lots of issue at play but there aren’t a lot more boomers than younger generations. Their were more boomers than previous generations which allowed boomers parents to get a gift. Add immigration and population affects are a wash. One issue is wealthy hoarding money above the payroll income tax cap more so than in the past
> Had the fed not used up s.s. as if it were just another federal tax, it would've been fine, i guess
That has zero affect in solvency. The IOUs are legally obligated to be paid back. This is a fake issue pushed by republicans. The government will find a new buyer of the debt when it comes time for ss trust fund to sell it
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