[i] Reginald Finger, "Human Capital – America’s Forgotten Priority" Focus on Social Issues, Worldview, September 2, 2005.
Social Security Analysis:
An excerpt from this article by Jim Harden and the CompassCare Analysis Team is as follows.
Article in PDF click here.
Will Social Security be Survived by Its Own Beneficiaries?
Review of Future Financial Status of 2004 OASDI Trustees Report
"Looming in the minds of just about every American today is the question of the future solvency of a Social Security system from which they have been expecting much needed retirement income. Exactly what is the problem and just how bad is it? The crux of the issue is basically that America has an older population that is living longer and a younger population whose fertility rates have been dropping. The Trustees report notes, "Continued reductions in death rates and relatively low birth rates will cause a significant upward shift in the average age of the population . . . ." An average older population means we have less people in the work force paying benefits for an ever increasing group of retirees. The report goes on to show that in 2003, "there were about 3.3 workers for every OASDI beneficiary . . . by 2030, the projected ratio of workers to beneficiaries will be only 2.2 . . ." and will continue to decline thereafter as the cost rate continues to increase. (See following graph taken from the Trustees Report)"
