Life Expectancy

In 1935:

  • Average life expectancy was under age 60
  • Most people would not live to collect
  • Worker/retiree ratio 160 to 1
  • Benefits paid annually were $35 million
  • Poverty rate for Seniors exceeded 50%

In 2016:

  • Average life expectancy is 85 years old for men and 88 for women
  • People are outliving their retirement savings
  • Social Security is 40% of retiree income
  • Worker/Retiree ratio is 3 to 1
  • Benefits paid annually are $816 billion
  • Poverty rate for Seniors is less than 9.5%