Basically the percentage of taxable income has dropped drastically. The wealthy’s income has spiked drastically compared to less monetarily-gifted citizens. So the population is putting less money into social security. That drop is hitting a lot harder than just have fewer workers.
That isn’t what the title is saying.
Basically the percentage of taxable income has dropped drastically. The wealthy’s income has spiked drastically compared to less monetarily-gifted citizens. So the population is putting less money into social security. That drop is hitting a lot harder than just have fewer workers.
Thanks for clarifying. Your interpretation does make more sense.