At the present birth rate, and the present rate immigrants are granted citizenship, will we ever run out of Social Security Numbers?
2006-09-16 18:17:08 · 12 answers · asked by ervinyoung 2 in Politics & Government ➔ Government
Probably the day before I retire, knowing my luck.
2006-09-16 18:20:25 · answer #1 · answered by Dip Shït 2 · 0⤊ 0⤋
As far as social security numbers, the government assigns a 9-digit number to each person, although some people never obtain one for certain reasons. There are so many people, and there can only be a set number of combinations of the 9 numbers, so the SS numbers do get reused eventually. Social Security is currently paid by every working American, and it is automatically taken out of every paycheck. This money goes into a pool that the government has control of and provides it to senior citizens, disabled persons, and other people who are entitled to the benefits. Social Security will eventually start paying out more than it is pulling in from people's paychecks in what most experts say is 15 years, others say 50 years. Some politicians (mainly Republicans) are pushing to privatize social security, which would take the money from the taxpayers and put it into private accounts. The problem is that the "promised benefits" that we are paying for now are not going to be the benefits that most of us will actually get when we reach retirement age. What should you do? Make sure you take out a 401k as soon as possible, and save your money so you don't have to work until you die, but actually enjoy your retirement.
2016-03-17 04:38:13 · answer #2 · answered by Anonymous · 0⤊ 0⤋
This Site Might Help You.
RE:
How long will it take before we run out of Social Security Numbers?
At the present birth rate, and the present rate immigrants are granted citizenship, will we ever run out of Social Security Numbers?
2015-08-19 05:29:56 · answer #3 · answered by ? 1 · 0⤊ 0⤋
I wouldn't worry about that. I would be more worried about when we will run out of social security dollars. Because that is going to come long before we run out of the numbers. . .
2006-09-16 18:22:56 · answer #4 · answered by volleyballchick (cowards block) 7 · 3⤊ 0⤋
They will do like they already have....add 1 or more digits to the 9 numbers.... will never run out of numbers.
now running out of funds to pay ss, is definately very high probability.
2006-09-17 07:19:01 · answer #5 · answered by pcreamer2000 5 · 0⤊ 0⤋
we will run out of the current 9 digit system, but not any time soon. when we do we will probaby add some more numbers.
2006-09-20 16:47:23 · answer #6 · answered by daniel_97202 5 · 0⤊ 0⤋
As soon as you die, your number can be used by someone else in 140 years time.
2006-09-16 18:22:01 · answer #7 · answered by Anonymous · 0⤊ 1⤋
Not if we can add digits. If we can; we will not run out until we reach infinity.
2006-09-16 18:20:38 · answer #8 · answered by scarlettt_ohara 6 · 1⤊ 0⤋
That will be the least of our worries in view of what's coming next!...
http://www.global-conspiracies.com/fema_concentration_camps.htm
2006-09-16 19:05:48 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Yeah, and then we'll just all have barcodes on our foreheads.
2006-09-16 18:51:28 · answer #10 · answered by Reject187 4 · 1⤊ 0⤋