HEALTH Number Of Seniors Tapping Social Security Plummets As "Excess Deaths" Spike During Pandemic

jward

jward

passin' thru
zerohedge.com

Number Of Seniors Tapping Social Security Plummets As "Excess Deaths" Spike During Pandemic
by Tyler Durden

2-3 minutes


The rate of seniors collecting Social Security benefits has plunged to the lowest level in a decade, which Bloomberg suggests may be due to the disproportionate number of COVID-19 deaths among the elderly.
According to the Social Security Administration, the number of people who took retirement benefits rose by just 900,000 to 46.4 million in March, the smallest year-over-year gain since April 2009.

More via Bloomberg:
While the Office of the Chief Actuary at the government agency said it is still too early to assess the impact from Covid-19, the year-over-year change appears to reflect excess deaths. About 447,000 people who died from the virus were 65 or older, according to data from the Centers for Disease Control and Prevention, or about 80% of total deaths.
The number of Social Security beneficiaries has risen in the past decade as baby boomers -- the large cohort born between 1946 and 1964 -- started to reach retirement age. Usually, during economic downturns, many are forced into retirement due to job losses, which adds to the retiree pool.
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According to the CDC, there were 660,200 excess deaths from all causes between January 26, 2020 and February 27, 2021, mostly associated with COVID.

Bloomberg notes that other factors 'can' have an impact on Social Security numbers - for example, "In the early 2000s, the bump in beneficiaries was likely tied to the Senior Citizens’ Freedom to Work Act signed into law in April 2000," which reduced penalties for beneficiaries who continued to work. That said, there's nothing of the sort going on which could explain the current dropoff.
Life expectancy in the United State plunged by a full year in the first half of 2020 - the biggest drop since WWII - to 77.8 years from 78.8 in 2019 according to the National Center for Health Statistics.

Posted For Fair Use

Number Of Seniors Tapping Social Security Plummets As "Excess Deaths" Spike During Pandemic | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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Mprepared

Mprepared

Veteran Member
I have always thought something was going to happen to the boomers. I think I am the very middle, 1955 and I turned 65 last year. I had read something, don't remember it all, but the amount of people starting to collect SS was going to increase like crazy and I knew something would happen.
 
Mprepared

Mprepared

Veteran Member
They will have to adjust their numbers again because they are STILL dying from their coincidence blood clots.
 
Bps1691

Bps1691

Veteran Member
If they didn't get rid of enough of us with their first bio-weapon, they'll just release another one that targets the population groups they want gone until they get to their goal. TPTB want just enough workers to support the upper elites and necessary servant types.
 
P

Plain Jane

Just Plain Jane
This will continue. PA recorded a 70% drop in heart surgeries as well as a 50% drop in cancer diagnosis and treatments. PA also is having trouble retaining EMS personnel because of the increasing numbers of ambulance calls and too many people are too far gone when they seek help.

Those surgeries and treatments were considered "elective", "nonessential " last year.
 
T

tm1439m

Veteran Member
I think it is possible that a big number of people were going to start drawing SS. Then covid hit and they were laid off or let go before they actually retired. So why not keep sucking the government tit and collect unemployment as long as it lasts. After all there are many people drawing more unemployment than they were actually earning. In the mean time their SS benefits grow to a larger amount.

I think its very possible this is the case for a lot of people. Not saying people have not died, just saying there are possibly other reasons as well.
 
Scrapman

Scrapman

Veteran Member
Wait until all the people who are going to sign up for early because they can't work after cocid .
 
W

WalknTrot

Veteran Member
tm1439m said:
I think it is possible that a big number of people were going to start drawing SS. Then covid hit and they were laid off or let go before they actually retired. So why not keep sucking the government tit and collect unemployment as long as it lasts. After all there are many people drawing more unemployment than they were actually earning. In the mean time their SS benefits grow to a larger amount.

I think its very possible this is the case for a lot of people. Not saying people have not died, just saying there are possibly other reasons as well.
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Yes. This..
as I said on the OTHER thread from a day or two ago with virtually the same theme. No, I'm not gonna look it up.

Once the $300/400/week "bonus" unemployment payments stop, they'll file for SS. Heck..they are probably pulling in 2X what they'd make on SS, or 2X what they made working, for that matter.

Granted, a lot of people kicked-off a few months prematurely from Covid over the past year who had one foot on a banana peel anyway. (The case with the only person I know who died while having Covid). That may slow the death rate and drop the role#'s for a few months, but stuff will come back in balance.
 
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West

West

Senior
What's sadest, and is just my hang up, is every day many peoples die before they can collect even a bloody penny of the 15% + they have paid into the Scam System from their labores threw out their lifetime of working.

And they get not one bloody cent of those hard earned dollars back to their estates!

The Lord hears the cries of the labourers I know.
 
W

WalknTrot

Veteran Member
West said:
What's sadest, and is just my hang up, is every day many peoples die before they can collect even a bloody penny of the 15% + they have paid into the Scam System from their labores threw out their lifetime of working.

And they get not one bloody cent of those hard earned dollars back to their estates!

The Lord hears the cries of the labourers I know.
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Gotta take care of yourself, gotta set limits and play the game wisely. We obviously aren't gonna change the rules.

I GTFO before 60, and as I walked out the door, vowed I'd collect on my pension from the bastids as many years as I worked at the place. (35). Also took SS at 62. It's enough, and I still have my health and sanity. Good Christmas...If I'd stayed working 'til 65, I'd have lost both.
 
J

john70

Veteran Member

United States of America Death rate, 1950-2020 - knoema.com

In 2020, death rate for United States of America was 8.9 per 1,000 people. Death rate of United States of America fell gradually from 9.5 per 1,000 people in 1971 to 8.9 per 1,000 people in 2020. Crude death rate indicates the number of deaths occurring during the year, per 1,000 population...
knoema.com knoema.com

LOOK AT THE FIRST CHART
most charts only go back to 2009 and ..............................they make today look BAD, BAD, BAD

BUT..........GOING BACK TO 1992..............THE DEATH RATE IS HIGHER and we DID NOT STOP THE WORLD

IN FACT............THE DEATH RATE IN THE 1950's and 60's was 10-15 % higher than 2020
 
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T

Troke

On TB every waking moment
West said:
What's sadest, and is just my hang up, is every day many peoples die before they can collect even a bloody penny of the 15% + they have paid into the Scam System from their labores threw out their lifetime of working.

And they get not one bloody cent of those hard earned dollars back to their estates!

The Lord hears the cries of the labourers I know.
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They pay for people like my aunt who collected until she was 103 yrs and a grand cousin that made 100. .
 
West

West

Senior
Troke said:
They pay for people like my aunt who collected until she was 103 yrs and a grand cousin that made 100. .
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Does not make it right to steal the thousand and thousands of labourers who die every year who have paid with their blood labors but die before they can collect a bloody penny.

Surely your not saying that those who die early could not of used that extra 15%+?

I would even argue that many would still be alive today if they would of gotten that extra 15%.
 
20Gauge

20Gauge

TB Fanatic
West said:
What's sadest, and is just my hang up, is every day many peoples die before they can collect even a bloody penny of the 15% + they have paid into the Scam System from their labores threw out their lifetime of working.

And they get not one bloody cent of those hard earned dollars back to their estates!

The Lord hears the cries of the labourers I know.
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This is why I hate annuities.

You get nothing from them but a "promised" check that only lasts as long as you live. Nothing for the family or ongoing generations.
 
pauldingbabe

pauldingbabe

The Great Cat
Plain Jane said:
This will continue. PA recorded a 70% drop in heart surgeries as well as a 50% drop in cancer diagnosis and treatments. PA also is having trouble retaining EMS personnel because of the increasing numbers of ambulance calls and too many people are too far gone when they seek help.

Those surgeries and treatments were considered "elective", "nonessential " last year.
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Well the administration said they were going to cure and fix everything.
 
M

mikeabn

Finally not a lurker!
There was a novel, I think the title was 'Triage', about getting rid of the useless eaters...
 
Uhhmmm...

Uhhmmm...

Veteran Member
subnet said:
So its about getting rid democrats?
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Democrats? Quite the contrary. By July, it will be mostly Republican men and their children who will be dying of COVID-19. Darwin always wins. :(

“It’s one thing to say you don’t want a vaccine when it’s only been out for four weeks and you can’t get it anyway,” said Andrew Noymer, an epidemiologist and demographer at UC Irvine who studies infectious diseases. “It’s different when we have six months of data and you see that people’s toes aren’t falling off after they get the shots.”

Still, 13% of respondents said they’ll refuse vaccines anyway. Republicans and white evangelical Christians were the most likely to shun shots, with almost 30% of each group saying they’ll “definitely not” get vaccinated.
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Link at -> Link
 
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Mark Armstrong

Mark Armstrong

Veteran Member
I'm attempting to hold off on collecting Social Security until I hit age 70. And even then, I intend to continue working as long as I can.
 
T

Troke

On TB every waking moment
West said:
Does not make it right to steal the thousand and thousands of labourers who die every year who have paid with their blood labors but die before they can collect a bloody penny.

Surely your not saying that those who die early could not of used that extra 15%+?

I would even argue that many would still be alive today if they would of gotten that extra 15%.
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Well, we could go to the old system. Each has to handle their own retirement. And if they can't, the County Poor Farm where they could work off their support until they were totally unable. I can still remember them before WWII when SS had not taken root yet, particularly for farmers. Unfortunately, the Big D buried the system, something had to be done. So SS came into being.
 
West

West

Senior
Troke said:
Well, we could go to the old system. Each has to handle their own retirement. And if they can't, the County Poor Farm where they could work off their support until they were totally unable. I can still remember them before WWII when SS had not taken root yet, particularly for farmers. Unfortunately, the Big D buried the system, something had to be done. So SS came into being.
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Muse...

My mother is vary independent. Years ago I bought her a house(trailer house) vary energy efficient and all she had to pay was the space rent. About the same as her current low income government apartment she currently lives in. Same expenses if not less. Well I made a deal with her too cut up her credit cards. In exchange for the trailer.

But she continued to go in debt with her credit cards not for survival but for crap. So she had to sell trailer because it was a asset that looked bad on the 2nd bankruptcy. So she sold it and got government low income apartment.

She then quickly went threw another bankruptcy. The third one, and she still has a Visa credit card, and carries a balance. The latest Corona checks has put her back in the black.

Now I'm just musing. But do believe that if there was no S.S/disability system she would currently be living with me and would have not gone threw even one bankruptcy let alone 3. And my kids would of been more apt or likely to see that they will need to take care of me in my old age by example. But I digress, my kids would not fathom the prospect of taken care of me. Even though their heads explode when I tell them that I took care of my father the last 15 years of his life, right down to wiping his arse and finally putting him in hospice to live out the last two months of his life at $100 a day.

The safety nets also divides families and encourages separation and nothing good, in the big picture IMO.
 
DryCreek

DryCreek

Veteran Member
I call BS on their postulated reason.
The death rate has been relatively constant over the past five years.
It could be that the seniors are running the clock out of unemployment benefits, but it could also be that they are staying gainfully employed since they tend to be better workers and would prefer to work rather than sit on the sofa and get government freebies.
 
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