The rate of seniors collecting Social Security benefits has plunged to the lowest level in a decade, which Bloomberg suggests may be due to the disproportionate number of COVID-19 deaths among the elderly.
According to the Social Security Administration, the number of people who took retirement benefits rose by just 900,000 to 46.4 million in March, the smallest year-over-year gain since April 2009.
More via Bloomberg:
While the Office of the Chief Actuary at the government agency said it is still too early to assess the impact from Covid-19, the year-over-year change appears to reflect excess deaths. About 447,000 people who died from the virus were 65 or older, according to data from the Centers for Disease Control and Prevention, or about 80% of total deaths.
The number of Social Security beneficiaries has risen in the past decade as baby boomers — the large cohort born between 1946 and 1964 — started to reach retirement age. Usually, during economic downturns, many are forced into retirement due to job losses, which adds to the retiree pool.
According to the CDC, there were 660,200 excess deaths from all causes between January 26, 2020 and February 27, 2021, mostly associated with COVID.
Bloomberg notes that other factors ‘can’ have an impact on Social Security numbers – for example, “In the early 2000s, the bump in beneficiaries was likely tied to the Senior Citizens’ Freedom to Work Act signed into law in April 2000,” which reduced penalties for beneficiaries who continued to work. That said, there’s nothing of the sort going on which could explain the current dropoff.
Life expectancy in the United State plunged by a full year in the first half of 2020 – the biggest drop since WWII – to 77.8 years from 78.8 in 2019 according to the National Center for Health Statistics.
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Looks like the plan is working.
I call BS, this a reversion to the average rate after 10 years of higher than average number of people signing up for SS due to the piss poor main street economy limping along.
Or just more fear porn.
Lies damned lies and statistics. Every stat in the article needs “fact checking”. On phone so can’t do it right now. Should start w 600000+ excess death, then unemployment rate then population cohort by year(birth rates 65+ yrs ago) etc, etc
If you were going to engineer a virus to selectively kill, you’d want to take out those costing your bankrupt treasury the most and not your future wage slaves. Mission Accomplished.
The next biggest group of expenses would be the welfare recipients, but they still need their votes. If they pass HR1/SR1, that need will cease to exist, as votes will be created out of thin air.
If they need votes they just print them like they do the currency.
When Cuomo, et al, murdered all of those seniors in assisted living, they did away with a major expense for the state. In addition, all of the deaths furthered the narrative of Covid 1984. It was a win-win for him and he garnered the love and adoration of the major media, putting him at the head of the line for the ’24 dem nomination. With Kamalaho assuming the VP slot, they had to bring him down, so the attacks began.
They’re plan all along is to get rid of old people so they do not have to pay for them and now they’re going to move into the younger people with their so-called vaccine.
Not that they’re NOT trying to get rid of old people but look at this:
According to the Social Security Administration, the number of people who took retirement benefits rose by just 900,000 to 46.4 million in March, the smallest year-over-year gain since April 2009.
Numbers still ROSE but under previous years’ numbers.
I stated some time back that the virus is engineered to affect mainly the elderly. China has an elderly population as well with a boom in elderly coming. So the chinese cannot simply start shooting their elderly citizens or there would be a revolt and the CCP would find themselves at ropes ends.
What to do… Well design a virus that kills off the useless eaters that can be blamed on ‘nature’ or a bio-weapon of some other country. The useless eaters die off leaving mainly the worker drones unaffected and its business as usual. The ‘west’ recognized this ‘feature’ and is taking full advantage of it to reduce their retirement funds theft exposure by distracting the populace with the virus and vaccine.
The communists do NOT have a problem killing tens or hundreds of millions of people. The chinese communists control the propaganda machines on home soil and in the west. Its raaaaacist to call the virus the china or wuhan virus, remember. Western communists like *uckerberg, bezos, bin, gates, demoncraps, big corp, wall street etc etc all pushing the propaganda and attacks on conservative talk or those exposing their crimes in the public square. China was just the beginning, funded by the CCP and aided by fauci, the cdc and who. Its a war… against you.
It was engineered to KILL mainly the elderly, and also sterilize the young.
Who knows what the virus is meant to do, but we do know that Wuhan lab was partially funded by the USG and private Americans. And that gain of function research that was started in the US was completed there.
Expect more “pandemics” like this in the future. Among the many benefits…..for power mongers…..are increased levels of control over everything and everyone plus the added benefit of the death of large numbers of “parasites”…. old people who don’t produce anything, don’t provide tax revenue and who COST the people in charge money…..money they’d prefer to spend on pork, graft and vote buying.
Secret CONgress meeting.
CONgressman #1: Social Security will be bankrupt in two years . We need to tell the folks that taxes will have to be increased and benefits cut .
CONgressman #2 : We can’t do that, they hang’ll us from lamp posts .
CONgressman #3 : Dr Fauci has a new bio-weapon in the works, I think it’ll solve all of our problems .
A song for the times…
If you really want to rid the population of those on the government dole, start with the bureaucrats.