Social Security: Observations
e 52 million retired Americans (17% of population) received an average of $11,826 (in 2005 dollars) in Social Security payments (32% of USA per-capita income) in 2009.
e By comparison, 10 million retired Americans (6% of population) received an average of $5,447 (in 2005 dollars) in Social Security payments (51% of per-capita income) in 1957.
e When Social Security was created in early 20" century to provide retirement income to elderly Americans, 1 in 127 Americans’ (<1% of population) received Social Security payments. Now 1 in 6 Americans (17%) receive Social Security payments...well above the initial ‘plan.’
Note: 1) Social Security was created in 1935, full data on enrollees not available until 1945.
KP Source: Social Security Administration. (@)E) www.kpcb.com USA Inc. | Income Statement Drilldown 133
Social Security: America is Aging, and USA, Inc. Workers Are Required to
Support 5x More Beneficiaries (and Rising) than They Did in 1950!
1950 2010
Social Security Social Security Beneficiaries Beneficiaries Supported by Supported by 100 Workers 100 Workers
ESA srrnrocb.com USAloelineore Swementiilaown 68
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