âWe have something like a 90 percent increase in the retirement population in America, but only a 19 percent increase in the working population in America,â
Notice how this weasel fuck used percentages to hide the truth? He appears to be talking about an increase over time resulting in our current population. I have no idea what time period heâs talking about and it doesnât matter for the point Iâm going to make so letâs just say itâs â1990 to 2016â.
So the claim is weâve had a 90 percent increase in retirement-age people since 1990 but âonlyâ a 19% increase in working-age population in that same time frame. Here comes the mathâŚ
US retirement-age (65+) population 2016: 49.2M
Ryanâs claimed increase that resulted in that number: 90%
Actual population increase required to be a â90% increaseâ : 23.3M
US working-age (19-64) population 2016: 192.9M
Ryanâs claimed increase resulting in that number: 19%
Actual population increase required to be a â19% increaseâ: 30.8M
In other words, using Ryanâs own numbers, we have had more absolute numbers of people added to the working age than we have moving into retirement age. Specifically, there have been 1.32 persons added to working-age for every person moving into retirement age.
Is a 1.32:1 ratio not enough to support SS and Medicare? Quite possibly not. My point is only that as usual the âserious policy guyâ Ryan is trying to snow people into thinking that there are like 4.5 times as many retirement-age people leaving the workforce as there are new workers (19% x 4.5 = 90%) when in fact we are birthing (or importing) 1.32 new workers for every retiree.
(Source for population data)