(all images via Wiki)
US population pyramid below.
It shows we have a problem reg. Social Security etc…
Afterall, it is not a true pyramid shape.
In fact, here it is through the years.
As you can see, it normally was pyramid-shaped.
The lack of pyramid shape is a relatively new thing,
and therefore, not likely taken into account by things like the SS funding formula.
If it is any consolation, China, Germany and several other countries are facing a much more sever version of the same problem. That won’t help us any, but at least we be be grateful that “We are not them.”
Here it is for China:
Here it is for Germany:
.
.
.
That’s gonna hurt!
Only thing that helps us is that we have relatively healthy immigration numbers.
Countries like China don’t have that. They’re fiercely xenophobic in the first place, the language is a huge barrier to learn compared to English, and no one wants to move there.
Although to be frank the ugliest population pyramid is South Korea’s. It’s really bad there. World’s lowest birthrate combined with the world’s oldest number of elderly people. Not a good mixture.
Coincidentally,
Fed Chair Powell right now, (10:27 ET) is testifying to the Senate and Dem and GOP senators on the committee are, right now, each responding to the immigration point(s) he made yesterday.
He is trying to maintain his neutral language (“The Fed does not set immigration policy” etc.), while acknowledging that it does impact the Fed’s “dual mandate” price stability and maximum employment.
And a focus of this thread is the funding of Social Security. If illegal immigrants get SS deducted by their employers, they’re funding SS, but they’re not so likely to get it when they retire.
The thing with this calculation though is factoring what they pay in social security vs what they get in free healthcare, schooling, housing, food stamps, welfare, etc.
