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Privatizing Social Security

机译:私有化社会保障

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Social security accounts for half the income for 60% of American retirees. In 1995, its trust fund ran a $485,000,000,000 "surplus," but that surplus is borrowed by the Treasury each year, resulting in a huge stack of IOUs which must be paid back, starting around 2010, when the baby boomer generation begins to retire. Under the Social Security System, the taxes paid by today's workers fund the benefits for current retirees. As long as the labor force grows faster than the number of beneficiaries, the system works. The ratio of workers to recipients is 3.3-to-one. However, when the 77,000,000 people born between 1946 and 1964 begin to retire, it will be crunch time; the ratio is projected to fall to two-to-one within the next 35 years.
机译:社会保障占美国退休人员收入的60%的一半。 1995年,它的信托基金有$ 48,500亿美元的“盈余”,但是每年财政部都会借入盈余,导致大量的欠条必须从2010年左右开始支付,那时婴儿潮一代就开始退休了。在社会保障体系下,今天的工人所缴纳的税款将为目前的退休人员提供福利。只要劳动力的增长速度快于受益人的人数,该系统就会起作用。工人与领取者的比例为3.3:1。但是,当1946年至1964年之间出生的7千7百万人开始退休时,将是紧要关头。预计在未来35年内,该比率将下降至二比一。

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