Population

Newsweek -  America's growing and aging population has led financial experts to raise concerns over the impact on the Social Security system, for which the number of claimants is also rising. The U.S. population has increased by over 103 million over the last five decades, and data from the Social Security Administration shows that the proportion of Social Security claimants has risen by more than seven percent in this time. SSA data showed the average growth rate of Social Security recipients is 1.8 percent. If this trend stays the same, the number of beneficiaries will have increased by roughly 36,221,550 in 2053, the latest year in which a population prediction is provided by the Congressional Budget Office. This could equate to 27.7 percent—or more than a quarter—of all U.S. residents based on population forecasts. And the increasing number of claimants, particularly those who are out of work and retired, means there are fewer workers paying taxes that go into the coffers that fund the SSA.