Recent comments in /f/dataisbeautiful

ktxhopem3276 t1_jc4z44a wrote

Depends on life expectancy gender and spousal benefit

>The result in this study implies that the differential mortality between low earners and high earners reduce the progressivity of Social Security. Estimates show that, under current Social Security, the IRR (i.e., the rate of return of lifetime payroll taxes) for the 1930 cohort in the bottom income quintile is 1.67% compared with 2.28% for those in the top income quintile. This difference in IRR is widened for the 1960 cohort due to larger mortality differences—0.6% for the bottom income quintile compared with 2.46% for the top income quintile.

https://crsreports.congress.gov/product/pdf/R/R44846

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send2devnull2 t1_jc4x0lq wrote

As someone who was once employed by those heartless bastards, I completely understand why people of modest means shop there, but why anyone who can afford to shop anywhere else doesn’t. They are awful for nearly every aspect of small town America, and they cost the taxpayers billions of dollars a year. They are one of the worst corporations ever, and should only be compared to a hybrid of a locust and a vampire squid on the face of humanity.

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Bells_Ringing t1_jc4p540 wrote

Depends on how you interpret the facts. If nothing changes, all SS beneficiaries receive a 20-30% reduction in benefits when the funds are depleted. What republicans say is that the cuts are coming. We can either plan for them or it’s an across the board cut.

Obviously for political reasons, that turns into pushing granny off a cliff

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