I hear a lot of people talking about how when Social Security was started there were few people covered and it was never planned to cover as many people as it does today. As if they had no idea how things would change in the country.
That’s total BS.
The actuaries who worked on Social Security were frighteningly accurate. They calculated population growth, mortality rates and the percentage of population that would be eligible for Social Security and they got it almost exactly right. They were actually a small percentage over in their estimates on number of retirees.
I do not understand actuaries. They frighten me sometimes. I think the stories written about strange men in dark suits who control our destiny are inspired when an author meets an actuary. But they know their business, and they got it right.
Social Security is not in crisis and does not and never has added one dime to the deficit.
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