https://www.ssa.gov/oact/TR/2024/lr5a4.html
In 1940, at birth, the US life expectancy was:
Male: 61.4
Female: 65.7
For people who had reached 65, it was:
Male: 11.9
Female: 13.4
So in 1940, people who turned 65 were expected to be on Social Security for around 12 years (most people who worked were males).
And in future years, most people weren't expected to ever even GET Social Security.
Today, Social Security's estimates are:
Male: 76.7
Female: 81.6
For people who have reached 65, it's:
Male: 18.4
Female: 21.0
So NOW, most EVERYONE is expected to someday draw Social Security, and for around 20 years.
AND, of course, there are a lot fewer people paying into it.
Now, that money that we've been putting in our whole careers should BE THERE. But it's all been drained away by the politicians.
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