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Old 05-16-2019, 12:22 PM
Ravenman is offline
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Join Date: Jan 2003
Location: Washington, DC
Posts: 26,376
Quote:
Originally Posted by l0k1 View Post
I'm 45 years old, and an accountant. I've been hearing dire predictions about social security my whole life.
You have not, because the 1984 reform of Social Security fixed that solvency problem for more than a generation.

Quote:
The last year reported had an increase of $45 Billion.
It's put in better context if you say that there was an increase of about 1%.

Quote:
The trusts fund is 3 times what it was 20 years ago.
And in the last 20 years, benefit payments have gone from $595 billion per year to $1.7 trillion, while the growth in the Trust Fund went from ~15% per year to less than 1% a year.

You may be a good accountant, but I highly question whether you ought to be a CFO.