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1.75 Private Sector Workers Per SS Recipient

From CNS News:

Labor Dept. Data: Only 1.75 Full-Time Private Sector Workers Per Social Security Recipient

By Terence P. Jeffrey
September 12, 2011

(CNSNews.com) – There were only 1.75 full-time private-sector workers in the United States last year for each person receiving benefits from Social Security, according to data from the Bureau of Labor Statistics and the Social Security board of trustees.

That means that for each husband and wife who worked full-time in the private sector last year there was a Social Security recipient somewhere in the country taking benefits from the federal government

Actually, it’s worse than that, unless wives (or husbands) are considered to be only 3/4rds of a worker.

According to BLS, there were 111.714 million full-time workers in the United States last year. Of these, 18.073 million worked for local, state or federal government, and 93.641 million worked in the private sector.

Mr. Jeffery’s point is that, unlike private sector workers who pay Social Security taxes with private-sector dollars, government workers pay their payroll taxes with tax dollars. But, in reality, public sector employees can’t be truly counted as paying money into Social Security. Only private sector employees are actually putting real money (that is, non tax money) into the Social Security system.

But, even counting public sector contributions, the Social Security system is in serious trouble, because every day we have a worsening ‘retiree to worker’ ratio.

The 93.641 million full-time private sector workers last year worked out to 1.75 for each person receiving Social Security benefits.

These 93.641 million full-time private sector workers were the foundation of the tax base that supported both government at large and Social Security in particular….

Meanwhile, the news media and the pundits are obsessed with whether it is fair to call Social Security a Ponzi scheme or not.

For the record, Mr. Ponzi’s scheme was unsustainable because his system required an ever increasing numbers of investors. And Social Security’s system is unsustainable for exactly the same reason.

Because, as this latest Bureau Of Labor Statistics report shows, the Social Security system demands that a decreasing number of workers support an increasing number of retirees. And that simply will not work.

This article was posted by Steve on Tuesday, September 13th, 2011. Comments are currently closed.

7 Responses to “1.75 Private Sector Workers Per SS Recipient”

  1. proreason says:

    Good thing Al Gore put the trillions in FICA taxes retirees have paid into a lockbox.

  2. Rusty Shackleford says:

    Don’t forget that people who collect disability who are of working age, but who have been determined that they “can’t work”, get that jingle from SS. So, if a construction worker gets hurt, breaks an ankle and can never return to the workforce as a construction worker, the government doesn’t take into account that they can go work at a desk someplace, making phone calls or stuffing envelopes, etc.

    Many people on disability have a job, in fact, and making money through some other skill they have while simultaneously getting a gubbmint check.

    Nice gig, huh?

    • xdannyh says:

      There are a lot of things that are not being said in regards to clearing and cleaning up SS. One is above and we need to guarantee solvency and fairness by reducing SS distributions where in cases, like the above, it can be shown that the distribution is out of sync with the reasons for which it was established. But even more the gov needs to break down the SS distribution system to the way it was originally intended. Long story short….if you didn’t put in you can’t take out and no distributions to anyone before retirement years. Those folks drawing SS payments that are not in line with above, those payments must be curtailed. Now I am not for throwing all the hapless and hopeless people out on the street but I am saying that the distributions to them have to come from another sector of government not SS.
      That will effectively end the “problem” of SS. (at least for several years). Is SS a ponsi scheme? Well it sure looks like one and if it walks,talks,and smells like a duck it probably is a duck.
      All I know is the first recipient of SS did rather well. Wikipedia… Ida May Fuller,may she rest in peace, she put in $24.75 lived to be 100 years old and drew out $22,888.92. Pretty good return on her “investment” makes Madoff’s customers look like suckers and she could have shown Hillary how to get a good return.

  3. Astravogel says:

    Perhaps if Congress repaid all the money
    they’ve looted from the SS Trust Fund accounts
    SS would be back on a solid fiscal basis, but,
    and a big BUT, where would Congress get the
    money? Same place they always look.

  4. Mithrandir says:

    18 Million government workers = 180 Michigan football stadiums full. Imagine 180 stadiums stacked end to end. We are paying all of these people to ruin our lives, sit around a surf porn, shuffle papers from one desk to another.

    They are supposed to be helping us live our lives easier, pursue life, liberty and happiness. All they do is obstruct us at every turn, frustrate us into giving up, tax and regulate us to keep their industry operational.

    Liberty dies in the heart of each and every one of us. It’s not only just “The Government” it’s the hearts of the population that also make up the government.

  5. eaglewingz08 says:

    Obama’s new “jobs” bill (sic) will tax soup kitchens. I guess that’s why he was dishing out food last week and talking of shared sacrifice. If Reagan or any republican had tried to tax soup kitchens the liberals would be writing bills for their impeachment with the lamestream media printing front pages against such monstrosities. Obama, not so much.

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