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You still aren't getting it, you aren't looking at the big picture. If the labor force declines the SS recipients will also decline due to attrition.
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No, the SS recipients of the next Generation will decline. The SS recipient of the current Generation will receive benefits from a labor force which is smaller than the one of which the Current Generation of SS recipients was part of.
Outlays have not declined yet, but it's a certainty that they will in real dollar terms. There is no use in arguing that social security will somehow escape the demographic problems that were hatched years ago, and are continuing now.
declining economy? LOL. Our economy has done better year after year, there no "decline". We might have a year here and there that goes negative on GDP, but the next year or two erase it. No, what youre seeing isnt our "economy declining", it is the share of it being more concentrated.
Wow. Im not even going to attempt this one. Oh noes the women wont sleep with yous! Yay! More for me!
Inflation and a high GDP doesnt mean a good economy. I would take the economy of the 50’s anyday over this one. Cheapest home in my area ranges around 300K, and its off the market in 15 days with a cash offer. I make 28hr and work 60 hr weeks (manufacturing) to bring in a decent living. Factor in inflation, I would be making roughly 50-60 an hour for my trade. Cost of living has gone up, but the wages stagnated.
Your last comment just proves my point. Women who want marriage and commitment don't want men like you. Ironically, youre all that is left for a urban progressive woman. A man who is happy that there are more women to sleep with! Enjoy! I have found happiness in other things.
Said everyone during every time period in my memory. In the 1980s it was "who would bring a child into this world under the threat of nuclear war?" etc etc.
And the cause for that is simple. Its expensive as heck to raise children, and rising inequality is putting the squeeze on people who want to have children, but economically cant afford too.
Large families that really can drive growth require a parent to be in the home as well. I raised 8 kids, and have 2 under 18. My partners have pretty much never had to work outside of the home because its a ton of work in the home.
VERY few people can afford this.
Go back in time and it was common for 1 person to work, and a wife at home taking care of the kids. Today? If you have 1 kid you might still be able to work and make money. but once you hit 3-4 its beyond most peoples financial abilities.
Basically. It turns out that making people poorer while all the growth goes to the richest of us has negative side effects to our economy. Our inequality will kill this country. Just as going too far the other way would.
Relatives of mine bought a small row house in San Francisco in the late 1950s.
In the 1970s, they were paying 6k per year for Catholic school tuition for 3 kids, and their house payment was $50 per month (not a typo, and, I imagine, both fixed and the original loan they had obtained a few years after his military service).
That same tuition is now just under 85k per year, and if someone bought that house now and put 20% down, the loan amount would be over $1.5 million.
Housing costs have skyrocketed. In my area, the 2 bed/1.5 bath condos I was looking at have increased 30-50K in 6 months. Daycare costs have skyrocketed. In my area, it's over $2000 a month for an infant.
You need an income well into the 6 figures to be able to comfortably afford children if you want a house and to be able to save a conservative 15% for retirement. In a year where there's such disparity between the have and have-nots, is it any surprise that people aren't having children?
It’s the opposite reason as to why people are choosing not to have children. Affluence is a bigger factor in the choice of family sizes.
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Income and high birth rates are strongly linked, not just in the United States, but around the world. Women in lower income brackets tend to have higher birth rates across the board.
Seems odd until you think of it in a survival-of-the-species way. Parents with resources can almost guarantee their offspring will live a full and long life but for those with little resources it’s a crapshoot. Gotta get that genetic material into the gene pool.
Inflation and a high GDP doesnt mean a good economy. I would take the economy of the 50’s anyday over this one. Cheapest home in my area ranges around 300K, and its off the market in 15 days with a cash offer. I make 28hr and work 60 hr weeks (manufacturing) to bring in a decent living. Factor in inflation, I would be making roughly 50-60 an hour for my trade. Cost of living has gone up, but the wages stagnated.
Your last comment just proves my point. Women who want marriage and commitment don't want men like you. Ironically, youre all that is left for a urban progressive woman. A man who is happy that there are more women to sleep with! Enjoy! I have found happiness in other things.
I don't think greywar disagrees with you on your first point. Just like he said, the economic growth rates are smaller today than in the 1950s but the gains are much more unequally distributed compared to back then. By the way if you want to know were the 27 USD per hour went which you are not getting compared to the 1950s look no further than the management of your cooperation and its shareholders.
The labor force has been declining since 2000. How has the decline over the past 20 years affected social security benefits today?
What was the causes for previous deficits in SS funds?
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