Changes Weakening SS Finances

• Life expectancy has risen (retirees live longer & collect benefits longer)

• • • Life expectancy in 1936: 65 years; today: 78 years

• Future: Baby boomers expected to start retiring beginning in 2010

• • Will reduce the workers-to-retirees ratio
  • Ratio expected to drop to 2.1 workers per retiree by 2030
  • • Planning for expected drop in future ratio caused govt to begin building up the Social Security Trust Fund