workforce
Definition Time: The Old-Age Dependency Ratio and its Relationship to Insolvency
Perhaps the most significant story relating to the U.S. Social Security system these days is the onerous projection of its looming insolvency. Who hasn’t seen the headlines proclaiming Social Security’s impending “bankruptcy” or the incessant warnings of a major benefit…
Marriage Rates, Birth Rates, and the Future of Social Security
The U.S. taxpayer-to-beneficiary ratio has dropped dramatically since the early days of Social Security, skidding from 42:1 in 1945 to less than 3:1 today, with projections calling for a continued decline in the years ahead. Although not the only factor…
Clarifying the “Gig” Economy and its Impact on Workforce Statistics
Although the number of people engaged in self-employment continues to rise, the long-range implications of this trend may not be correctly assessed in many popular media accounts. Lawrence Mishel, Distinguished Fellow at the Economic Policy Institute points out in a post today…
Retirement…The Elusive Goalposts
Statistics show that Americans are remaining in the workforce longer these daysm, with labor force participation rates among men and women showing significant increases compared to the 1990s. As explained by MarketWatch’s Alessandra Malito in a post on marketwatch.com, there are several key…
The Upside of Working Longer
To some, the thought of working longer than originally anticipated might be depressing. To others, this option might represent a partial solution to their nagging concerns over outliving their assets in retirement. And with so much written about the lack…