Fun Fact of the Day, December 18, 2019

December 18, 2019

Long-Term Guess - When President Franklin D. Roosevelt proposed the Social Security retirement program in 1935, FDR’s financial people projected that total Social Security expenditures would reach $1.3 billion in 1980 or 45 years into the future.  The actual Social Security outlays in 1980 were $149 billion.  Thus, the analysts’ 1935 estimate represented less than 1% of actual 1980 Social Security expenditures (source: Social Security).  Reprinted with permission from BTN.

 

 

 

 

 

 

 

 

 

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