Logo Background RSS

Advertisement

The Coming US ‘Demographic Disaster’.

  • Written by Syndicated Publisher No Comments Comments
    July 13, 2012

    Here is a chart from reader Tim Wallace showing social security and disability stats for June of 2012 compared to June in prior years.


    click on chart for sharper image

    Chart shows those receiving benefits. Those not in the labor force claiming a disability is much higher.

    Not in Labor Force – With a Disability, 16 Years and Over

    In terms of effect on unemployment stats, the above chart applies.

    Beneficiary Data

    Beneficiary Data in first chart is from Social Security Online. Here are additional charts from the site.

    Number of Beneficiaries by Type 

    Number of Beneficiaries as of December 2011

    A few more charts will put this in perspective.

    Civilian Labor Force

    Private Employment

    Quick Stats

    • As of 2012-06 the civilian labor force was 155,163,000
    • As of 2012-06 there were 111,145,000 in the private workforce
    • As of 2012-06 there were 56,174,538 collecting some form of SS or disability benefit
    • Ratio of SS beneficiaries to private employment just passed the 50% mark (50.54%)

    Here is one final chart to ponder.

    Social Security Benefits in Dollars

    As of May 2012, the outlays are $756.9 billion annualized. Fewer worker relatively speaking, support more and more recipients with exponentially growing payments. This is supposed to work?

    Mike “Mish” Shedlock
    http://globaleconomicanalysis.blogspot.com
    Click Here To Scroll Thru My Recent Post List

    Images: Flickr (licence attribution)

    About The Author

    Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.  Visit Sitka Pacific’s Account Management Page to learn more about wealth management and capital preservation strategies of Sitka Pacific.

    You are currently viewing my global economics blog which typically has commentary every day of the week. I am also a contributing “professor” on Minyanville, a community site focused on economic and financial education.  Every Thursday I do a podcast on HoweStreet and on an ad hoc basis contribute to many other sites.

    When not writing about stocks or the economy I spend a great deal of time on photography and in the garden. I have over 80 magazine and book cover credits. Some of my Wisconsin and gardening images can be seen at MichaelShedlock.com.
    Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedInPin on PinterestShare on StumbleUponShare on RedditShare on TumblrDigg thisBuffer this pageFlattr the authorEmail this to someonePrint this page

Advertisement