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Business
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| Number of pages / Number of words: |
11 / 3064 |
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All factors are subject to error, but predicting an influx in immigrant populations is the most difficult to estimate.
A popular ratio is used to depict the increase in beneficiaries projected over the next 50 years. The Beneficiary to Covered Worker Ratio measures the number of people drawing Social Security Benefits to the number of workers paying into the system...
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Currently, there are 30 beneficiaries for every 100 workers. Projections indicate that by 2030 that number will increase to 46 and by 2050 to 50 beneficiaries. The implication of this ratio is there are fewer workers paying into Social Security. Since the majority of payroll taxes are used immediately to fund current obligations, this presents a potential problem in the years to come...
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General points of the essay
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