"In 1900, 1 in 25 Americans was over the age of 65. In 2030, just 18 years from now, 1 in 5 Americans will be over 65. We will be a nation that looks like Florida-I don't mean the strip malls, I mean demographically. Because we have a large array of programs that provide guaranteed benefits to the elderly, this has huge budgetary implications. In 1960 there were about five working Americans for every retiree. By 2025, there will be just over two workers per retiree. In 1975 Social Security, Medicare and Medicaid made up 25 percent of federal spending. Today they add up to a whopping 40 percent. Within a decade, they will be over 50 percent."
"A Nation that Looks Like Florida (demographically)" | Heykuki News