We have been hearing about the possible to demise of Social Security for years, but a look at the demographics of the U.S. in 2030 gives us a really clear picture of the problem. MarketWatch gives us U.S. Census Agency projections, as they effect those of us in the baby boomer generation. It will also affect those of us who are in business and who might still be in business in 22 years.
Consider this:
- By 2030, all of us baby boomers will be over 65. Yes, we’ll all be on Medicare, most of us receiving Social Security.
- On the other hand, the number of those who will be working to support us (those aged 18 to 64) will have declined, to only a tiny over half of the population.
you know what that means - there will be fewer people contributing the to Social Security pool will be fewer and the number receiving Social Security will be greater.If there is still any Social Security, that’s. Are you prepared for this?? What do you think? Will we still have Social Security in 2030?
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