Population and Social Security:
How adding more people will not solve the Social Security dilemma
The rapid population growth of the baby boom era created a huge bulge of workers whose Social Security payroll taxes provided a surplus that has help fund the overall federal budget. However, after 2012 these same workers' entitlement to retirement and Medicare benefits is projected to begin exceeding the income from Social Security payroll taxes, thus requiring that an ever increasing share of the federal budget go to pay for Social Security. This section explores the linkage between population growth, age structure and the future of Social Security as we know it.
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