COVID-19 accounted for over 1.1 Million deaths, mostly seniors. Wouldn’t there be a significant surplus in the Social Security balance sheet due to this sudden drop in lifetime payments. Horrible to think about, but I’ve seen no reporting on the subject.
In: Economics
There is many factors, some I can think about are:
-Production fell down, and therefore contribution to social security too.
– Cost of COVID canceled the “benefits” from the death of old people
– Old people that survived to COVID cost more than it would’ve been.
– external circonstances.
Latest Answers