Strengthening Social Security: By the Numbers
| Year Baby Boomers begin retiring (1): |
2008 |
| Year Social Security goes into the red (2): |
2017 |
| Year Social Security trust fund will be exhausted (3): |
2041 |
| Number of workers for every retiree in 1950 (4): |
16 |
| Number of workers for every retiree today (5): |
3.3 |
| Number of workers for each beneficiary when today’s 20-year-olds retire (6): |
2 |
| According to Washington Post/ABC survey, the percentage of Americans who say Social Security system is heading for a crisis (7): |
72% |
| According to Ayres, McHenry and Associates, the percentage of union workers who support voluntary personal retirement accounts (8): |
60% |
1,2,3 - The 2005 Annual Report of the Board of Trustees of the Social Security and Medicare Trust Funds
7 March 10-13, 2005, 1,001 randomly selected adults nationwide; + or – 3 percent.
8 March 6-10, 2005, 600 union members; margin of error of + or - 4 percent. |
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