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Insurance facts, terms, people, websites, history, and events in a calendar. Each day of the calendar year contains an interesting reference devoted to the Insurance industry.  Practical, informative and entertaining.

Insurance

November 17, 2017
PrintedOwl.com
The long-term viability of the social security system is facing serious issues. People are living longer, the first baby boomers are nearing retirement, and the birth rate is low. The result is that the worker-to-beneficiary ratio has fallen from 16.5-to-1 in 1950 to 3.3-to-1 today. At this rate there will not be enough workers to pay scheduled social security benefits at current tax rates.
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