Social Security: Yahoo Just Explains It Wrong

Yahoo’s short “Just Explain It” videoon Social Security seriously misrepresented the financial situation of the program. The segment misled viewers on both the magnitude of the demographic changes affecting the programs finances and also the impact of the projected shortfall.

The piece told viewers:

“Back in 1950, there were 7.11 workers per retiree. That number today is 4.5 and in 30 years, economists estimate that number will be 2.6 workers for every retiree.”

The Social Security trustees r...