ACCOUNTING FOR THE CAPACITY OF SOCIAL SECURITY TO MEET PAYMENTS

Recent posts of
Mary Emma

(http://www.homebiznotes.com/social-security-the-home-business-ownerwhat-should-we-do/ and http://www.homebiznotes.com/social-security-follow-up/)
and Bob

(http://www.projectmanagement411.com/counting-on-social-security-your-next-project-better-be-your-retirement-plan/
addressed the issue:
“At current rates, Social Security payouts will exceed payments made into the system within the next ten years. What should we do about Social Security?”
The ensuing debate / comments centered on the concept of social security itself, whether it still serves its original purpose, or be scrapped altogether and be privatized.
I thought that, while it is still in force, we should find out why payouts will overtake payments and presented 3 possible causes:
1 With the improvements in health care and the discoveries in medicine, people are living longer so payouts are stretching …read more