Seventy-nine years ago, when Social Security was signed into law, there were over 40 workers contributing to the fund for each retiree, and the average life span was 60 years.
Today, there are approximately four workers contributing for each retiree, and, with people retiring earlier and living much longer, how long will it be before one contributing worker is supporting one or maybe two retirees?
Carl J. Streva
V.P. Wholesale Distribution