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The Number of Workers Per Retiree Is a Common Feature

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The number of workers per retiree is a common feature in discussions of how to improve the sustainability of the Social Security program.What was the approximate number of workers per retiree when Social Security was first instituted? What is that number today? Discuss the challenges this poses for the federal government budget.


Definitions:

Box And Whisker Plot

A graphical representation of data that shows the distribution's shape, central value, and variability.

Percentile

A measure indicating the value below which a given percentage of observations in a group falls.

Biochemistry Test

A laboratory examination to analyze chemical reactions, substances, and functions in living organisms.

Z-score

A statistical measurement of a score's relationship to the mean in a group of scores, often used to calculate probabilities in a normal distribution.

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