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Willisms

« If There Was Real Justice In The World . . . | WILLisms.com | Trivia Tidbit Of The Day: Part 353 -- Shrinkage In The Budget Deficit. »

Social Security Reform Thursday: Week Sixty-Two -- Those Dismal Rates Of Return.

reformthursdayblue.gif

Thursdays are good days for reform, because they fall between Wednesdays and Fridays. And reform is a long-haul process, not a fleeting event. So we're going to keep plugging along with the case for reform, even as the issue goes off the political radar screen.

That's why WILLisms.com offers a chart or graph, every Thursday, pertinent to Social Security reform.

This week's topic:

Social Security's Diminishing Returns.

As the DOW now hits a new record high day after day, it becomes even more frustrating that middle class Americans waste approximately 1 out of every 8 dollars earned in such an unproductive boondoggle.

Simply put, Social Security is an increasingly terrible investment for Americans of all income levels. Let's take a look at the rates of return for middle income Americans:

mediumincomeratesofreturn.gif

Okay, sort of boring and dull. But you can see that the trends are down. Each passing year brings lower rates of return for American workers. Here's a more fancy version, using the numbers for a medium income two-earner couple:

historicalprogressss.gif

Progress!

It's time for reform.

The clock is still ticking:


Tune into WILLisms.com each Thursday for more important graphical data supporting Social Security reform.

--------------------------------

Previous Reform Thursday graphics can be seen here:

-Week One (Costs Exceed Revenues).
-Week Two (Social Security Can't Pay Promised Benefits).
-Week Three (Americans Getting Older).
-Week Three, bonus (The Templeton Curve).
-Week Four (Fewer Workers, More Retirees).
-Week Five (History of Payroll Tax Base Increases).
-Week Six (Seniors Living Longer).
-Week Six, bonus (Less Workers, More Beneficiaries).
-Week Seven (History of Payroll Tax Increases).
-Week Seven, bonus (Personal Accounts Do Achieve Solvency).
-Week Eight (Forty Year Trend Of Increasing Mandatory Spending).
-Week Nine (Diminishing Benefits Sans Reform).
-Week Ten (Elderly Dependence On Social Security).
-Week Eleven (Entitlement Spending Eating The Budget).
-Week Twelve (Benefit Comparison, Bush's Plan versus No Plan).
-Week Thirteen (Younger Americans and Lifecycle Funds).
-Week Fourteen (The Thrift Savings Plan).
-Week Fifteen (Understanding Progressive Indexing).
-Week Sixteen (The Graying of America).
-Week Seventeen (Debunking Myths).
-Week Eighteen (Debunking Myths).
-Week Nineteen (Reform Needed Sooner Rather Than Later).
-Week Twenty (Global Success With Personal Accounts).
-Week Twenty-One (GROW Accounts: Stopping The Raid).
-Week Twenty-Two (Millions of Lockboxes).
-Week Twenty-Three (Support for Ryan-DeMint).
-Week Twenty-Four (KidSave Accounts).
-Week Twenty-Five (Latinos and Social Security).
-Week Twenty-Six (AmeriSave).
-Week Twenty-Seven (Cost Of Doing Nothing).
-Week Twenty-Eight (Chile).
-Week Twenty-Nine (Entitlement Spending Out Of Control).
-Week Thirty (Reform Better Deal Than Status Quo).
-Week Thirty-One (Social Security As A Labor Cost).
-Week Thirty-Two (Social Security And Dependence On Government).
-Week Thirty-Three (Social Security, Currently A Bad Deal For African-Americans).
-Week Thirty-Four (Longer Life Expectancies Straining Social Security).
-Week Thirty-Five (Howard Dean & Salami).
-Week Thirty-Six (Growing Numbers of Beneficiaries Draining Social Security).
-Week Thirty-Seven (The Crisis Is Now).
-Week Thirty-Eight (Disability Benefits).
-Week Thirty-Nine (Broken Benefit Calculation Formula).
-Week Forty (German Social Security Disaster).
-Week Forty-One (Crumbling Pyramid Scheme).
-Week Forty-Two (Overpromising, Globally).
-Week Forty-Three (Demographic Wave).
-Week Forty-Four (The Jerk Store).
-Week Forty-Five (Defined Benefit Plans).
-Week Forty-Six (Even The Empty Promises Are A Bad Deal).
-Week Forty-Seven (Our Aging Population).
-Week Forty-Eight (The Tax Increases Required To Cover Social Security's Costs).
-Week Forty-Nine (Much Longer To Get Your Money Back From Social Security).
-Week Fifty (A Vote, At Last).
-Week Fifty-One (We Can Do Better).
-Week Fifty-Two (Socialist Security).
-Week Fifty-Three (China Has The Same Problem, Only Worse).
-Week Fifty-Four (Potential Crisis Size).
-Week Fifty-Five (The Crisis Moves Closer).
-Week Fifty-Six (Big Brother Social Security).
-Week Fifty-Seven (Personal Accounts Are Awesome).
-Week Fifty-Eight (Private Accounts and Presidential Proposals).
-Week Fifty-Nine (The False Promises Of Social Security = Unwise Investing/Saving).
-Week Sixty (Declining Rate Of Return).
-Week Sixty-One (Entitlement Spending Threatens America's Defense Capabilities).

Posted by Will Franklin · 12 October 2006 02:19 PM

Comments

I am soooooo tired of that darn clock ticking!

Posted by: Zsa Zsa at October 12, 2006 04:46 PM

Please go to and sign the For Our Grandchildren Challenge to Congress. Since we’ve released the Promise, voices across the political spectrum are calling for a fix to Social Security’s problems. On October 2, Sebastian Mallaby of the Washington Post highlighted our pledge, writing, "If Democrats cared about poor women and minorities, they would be clamoring to reform Social Security.” On October 7, syndicated columnist Robert Novak also noted the pledge in his widely read column. Join us!

Posted by: Heidi at October 12, 2006 08:08 PM

Heidi, You good girl! I will get on that ASAP...

Posted by: zsa zsa at October 12, 2006 08:22 PM

Social Security. NOT!

Posted by: zsa zsa at October 13, 2006 12:56 PM