Social Security

[aphar]

A trivial solution:

• Make the age when the Social Security benefits start depend on the current demographic situation, e.g., the oldest 10% of the population get the benefits.


• The specific age when this happens should be computed annually by the BLS.


• For women, the age should be augmented by the number of their children (i.e., a mother of 3 starts to receive Social Security benefits 3 years earlier than a childless woman born the same year) [ouch! sexism!]

Comments

[aphar.livejournal.com]

The huge transition cost is there precisely because it's already too late to privatize the boomers.
demographics comes in waves.
children of baby boomers will also retire in bulk.

other than that - "I am with you" (Oh Brother, where art thou)