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Census data show nearly 80 million baby boomers, born over a span of 19 years. They will turn 65 and become eligible for Medicare at a rate of 11,478 per day.
11,478 - 10,682 = 796
So the number of people reaching retirement age is HIGHER than those turning 18 each day.
So the number of people reaching retirement age is HIGHER than those turning 18 each day.
Your "facts" have been debunked!
there are 20,219,890 that are 15-19 in the usa
Democracy Class is an important part of Rock the Vote’s outreach plan in 2011 and beyond, considering almost 13,000 young people turn 18 every day.
So-called "Millennials" outnumber all generations before them; today there are 17 million more Millennials alive than Baby Boomers, and 27 million more Milliennials than there are members of Generation X. By the year 2012, Millennials will represent 24% of the voting age population and 36% by 2012.
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In 2011, the first of the baby boom generation reached what used to be known as retirement age. And for the next 18 years, boomers will be turning 65 at a rate of about 8,000 a day. http://www.aarp.org/personal-growth/...ns/boomers_65/
Since the government doesn't put out signup/death reports for SS and medicare all we can go on is projections.
There are no FACTS to back up projections.
Sure 80 million boomers were born. How many died before reaching 65 though ?
How many left the country ?
You can't assume that everyone born is still alive today and is going to sign up.
And there is no medicare monthly report to back any of these projections up.
So the number of people reaching retirement age is HIGHER than those turning 18 each day.
Your "facts" have been debunked!
Yup, not only that, but there are roughly 4 MILLION babies born each year in the US - that translates into over 300,000/month or 10,000/day. Those are ALL born to relatively young woman (not necessarily 18, but CERTAINLY not 65) - which means that at any given time that many young woman are NOT in the labor force (and tens of thousands of them REMAIN out of the labor force to become stay-at-home moms).
The whole idea that you can compare the number of people turning 18 to the number of people turning 65 WITHOUT TAKING INTO ACCOUNT THE FACT THAT PEOPLE IN THAT AGE GROUP NORMALLY DO OTHER THINGS BESIDES SIMPLY JOINING THE LABOR FORCE is absolutely asinine and betrays either a severe lack of intelligence and common sense or just plain deliberate ignorance (or more likely both) - hence the reason it's WINGNUTS who do that.
number of americans turning 65 daily: 10,000
number of americans turning 18 daily: 13,500
Do the math. Assume all the 65 year olds will retire and all the 18 year olds will attempt to get a job. With the numbers you just posted the Labor Force Participation Rate will decrease.
Of course, not every 65 year old will retire and not every 18 year old would seek a job. However, to keep the LFPR static the 18 year olds entering would have to be significantly higher or the number of people retiring would have to be significantly lower.
Since the government doesn't put out signup/death reports for SS and medicare all we can go on is projections.
There are no FACTS to back up projections.
Sure 80 million boomers were born. How many died before reaching 65 though ?
How many left the country ?
You can't assume that everyone born is still alive today and is going to sign up.
And there is no medicare monthly report to back any of these projections up.
There are TONS of facts to back up his position.
The census bureau has stated for years that the US population is aging and that the 65+ group is now the FASTEST GROWING age demographic and that as a result the 65+ demographic is becoming a larger and larger percentage of the population while the younger demographic is becoming a smaller and smaller percentage of the population. Unlike some other posters here, you are plenty smart enough to know that so don't stick your head in the sand. The "aging" of America is THE major concern about the viability of S.S. and has been discussed in great detail by forward-looking statisticians for decades now.
Yup, not only that, but there are roughly 4 MILLION babies born each year in the US - that translates into over 300,000/month or 10,000/day. Those are ALL born to relatively young woman (not necessarily 18, but CERTAINLY not 65) - which means that at any given time that many young woman are NOT in the labor force (and tens of thousands of them REMAIN out of the labor force to become stay-at-home moms).
The whole idea that you can compare the number of people turning 18 to the number of people turning 65 WITHOUT TAKING INTO ACCOUNT THE FACT THAT PEOPLE IN THAT AGE GROUP NORMALLY DO OTHER THINGS BESIDES SIMPLY JOINING THE LABOR FORCE is absolutely asinine and betrays either a severe lack of intelligence and common sense or just plain deliberate ignorance (or more likely both) - hence the reason it's WINGNUTS who do that.
Ken
It's all projections with no monthly government reports to back up any of these numbers.
there are 20,219,890 that are 15-19 in the usa
Democracy Class is an important part of Rock the Vote’s outreach plan in 2011 and beyond, considering almost 13,000 young people turn 18 every day.
So-called "Millennials" outnumber all generations before them; today there are 17 million more Millennials alive than Baby Boomers, and 27 million more Milliennials than there are members of Generation X. By the year 2012, Millennials will represent 24% of the voting age population and 36% by 2012.
----------------------
In 2011, the first of the baby boom generation reached what used to be known as retirement age. And for the next 18 years, boomers will be turning 65 at a rate of about 8,000 a day. Boomers Turning 65, Boomer Voices, Baby Boom Generation - AARP.org
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Source: U.S. Census Bureau, Saperston Companies, Bankrate
Research Date: 1.1.2014
Total Number of Americans who turn 65 per day............6,000 Retirement Statistics | Statistic Brain
you've been debunked
Have a look at Table 2 on Page 4 of the 2010 U.S. Census Report: Population by Age and Sex: 2000 and 2010
In 2010, the youngest Baby Boomers born in 1964, turned 46.
In 2010, the oldest Baby Boomers born in 1946, turned 64.
Take a look at the % change (2000 to 2010) column for the different age groups:
Quote:
Percent change, 2000 to 2010
Under 5 years... 5.3 .5 to 9 years.. -1.0 10 to 14 years.. 0.7 15 to 19 years.. 9.0
20 to 24 years. 13.8
25 to 29 years.. 8.9
30 to 34 years. -2.7
35 to 39 years -11.1
40 to 44 years. -6.9
45 to 49 years.13.0 (youngest Baby Boomers)
50 to 54 years. 26.8 55 to 59 years. 46.0
60 to 64 years. 55.6 (oldest Baby Boomers)
65 to 69 years. 30.4
70 to 74 years.. 4.7
75 to 79 years. -1.3
80 to 84 years. 16.1
85 to 89 years. 29.8
90 to 94 years. 30.2
95 to 99 years. 29.5 100 years and over 5.8
Notice the SIGNIFICANT INCREASE in the number of Baby Boomers?
Now compare the Baby Boomers to the VERY SMALL increase of the youngest group (0 - 19) years.
Do the math. Assume all the 65 year olds will retire and all the 18 year olds will attempt to get a job. With the numbers you just posted the Labor Force Participation Rate will decrease.
Of course, not every 65 year old will retire and not every 18 year old would seek a job. However, to keep the LFPR static the 18 year olds entering would have to be significantly higher or the number of people retiring would have to be significantly lower.
SS is now 66 and will soon be 67 for upcoming retiring boomers.
65 is only good for medicare now.
There are TONS of facts to back up his position.
The census bureau has stated for years that the US population is aging and that the 65+ group is now the FASTEST GROWING age demographic and that as a result the 65+ demographic is becoming a larger and larger percentage of the population while the younger demographic is becoming a smaller and smaller percentage of the population. Unlike some other posters here, you are plenty smart enough to know that so don't stick your head in the sand. The "aging" of America is THE major concern about the viability of S.S. and has been discussed in great detail by forward-looking statisticians for decades now.
But there is no monthly reports on SS/medicare new signups each month.
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