### The Crunch to Come: Social Security AnalysisThis article provides an examination of the potential challenges facing Social Security, backed by graphs depicting various financial trends.#### Graph 1: Social Security Taxes and Surplus- **Title:** Social security taxes were raised to build a surplus…- **Description:** This graph illustrates the amounts of money collected versus paid out by the Social Security system from 1960 to the late 1990s. The red line represents taxes collected, while the blue line represents benefits paid out, with scales in billions of dollars. Since 1983, collections have greatly exceeded payouts, building a surplus.#### Graph 2: Tax Increase Comparison- **Title:** …These taxes have increased at a faster rate than the federal income tax- **Description:** This graph compares the rate of increase in Social Security and Medicare taxes to federal income taxes between 1980 and the early 1990s. The red line shows Social Security and Medicare, while the blue line represents income tax, with scales in billions of dollars.#### Graph 3: Projected Social Security Strain- **Title:** But the baby boomers will break the bank…- **Description:** A projection graph showing the expected financial strain on the Social Security system. By 2015, payouts are projected to exceed collections, with the trust fund potentially running out by 2036. The red line indicates the rising payments, with the vertical axis depicting billions of dollars.#### Diagram: Worker-to-Beneficiary Ratio- **Title:** …Because there will be fewer workers to tax- **Description:** Illustrates the declining number of workers supporting each Social Security beneficiary from 1970 to 2040. In 1970, there were 3.7 workers per beneficiary, which is expected to fall to 2.0 by 2040. The diagram uses human figures to visually represent these ratios.These visual data insights reveal the impending financial challenges for Social Security, emphasizing the impact of demographic shifts and tax rate changes over time.

But the baby boomers will break the bank... By one government projection, the Social Security system will be paying out more than it is taking in by 2015, and the trust fund will run out of money by the year 2036. Scale in billions of dollars. ||||||| 1 1 1 1995 00 05 10 15 1 20 When will the baby boomers break the bank? 1 25 $5,000 1 1 30 35 4,000 3,000 2,000 1,000 0 ...Because there will be fewer workers to tax How many workers pay into Social Security for each person getting benefits. 3.7 3.2 3.4 3.2 2.9 2.4 2.0 2.0 1970 1980 1990 2000 2010 2020 2030 2040

But the baby boomers will break the bank... By one government projection, the Social Security system will be paying out more than it is taking in by 2015, and the trust fund will run out of money by the year 2036. Scale in billions of dollars. ||||||| 1 1 1 1995 00 05 10 15 1 20 When will the baby boomers break the bank? 1 25 $5,000 1 1 30 35 4,000 3,000 2,000 1,000 0 ...Because there will be fewer workers to tax How many workers pay into Social Security for each person getting benefits. 3.7 3.2 3.4 3.2 2.9 2.4 2.0 2.0 1970 1980 1990 2000 2010 2020 2030 2040

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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