Article

2021-05-06 Economy

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

[ZERO] 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.

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.

Posted by Besoeker 2021-05-06 02:04|| || Front Page|| [15 views ] Top

#1 Cause for Millennial celebration? A sort of emptying of the slower lanes.

Posted by Besoeker 2021-05-06 02:16|| 2021-05-06 02:16|| Front Page Top

#2 Accidental, or planned?

Posted by Omans Squank6942 2021-05-06 03:37|| 2021-05-06 03:37|| Front Page Top

#3 The Democrats' Social Security solvency program. Ask Andrew Cuomo for details. Double bonus if the old die off w/o prolonged illnesses.

Posted by Sneart Thromonter8301 2021-05-06 05:20|| 2021-05-06 05:20|| Front Page Top

#4 I think the mortality statistics over the next couple of years will confirm that in most cases, people who died with “covid” on their death certificates would have died, in any event, in a matter of months or perhaps a year or two. This is why we are now seeing mortality dip below demographic norms: people who otherwise would have died in April 2021 died in, say, October 2020 instead. If this is the case, it will expose the irrationality of devastating the lives of younger and healthy people through shutdowns, school closings and mask mandates, while those who were at meaningful risk were almost exclusively those who, as one doctor put it, had one foot in the grave and the other on a banana peel.

Posted by Deacon Blues 2021-05-06 07:52|| 2021-05-06 07:52|| Front Page Top

#5 expose the irrationality of devastating the lives of younger and healthy people through shutdowns, school closings and mask mandates

Polls show that is the exact cohort that is all too ready for lockdown4evah and have happily continued to collect "emergency" unemployment benefits in a starved labor market.

Posted by M. Murcek 2021-05-06 08:10|| 2021-05-06 08:10|| Front Page Top

expose the irrationality of devastating the lives of younger and healthy people through shutdowns, school closings and mask mandates

Many feel, a classic case of crisis exploitation and power grab. Yes, Monet's The Rue Montorgueil. You must have cleverly spotted the key indicators as well.

Posted by Besoeker 2021-05-06 08:15|| 2021-05-06 08:15|| Front Page Top

#7 Amplified by the Cuomo effect of housing patients with the elderly to reduce NY dependency on the state that is second in debt nationwide.

Posted by Ebbomoger Speaking for Boskone4589 2021-05-06 09:18|| 2021-05-06 09:18|| Front Page Top

#8 This is why we are now seeing mortality dip below demographic norms: people who otherwise would have died in April 2021 died in, say, October 2020 instead.

Distraught person was talking to me the other day, said Uncle died of the Covid even though he had the two jabs.

I know person is just over 60, so that makes Uncle...how old?

Must not forget the complications caused by too much stress; blood pressure, anxiety, abuse of coping methods such as drinking or what seems to be popular among the older generation is pain pills/opioids, lack of movement leading to immobility issues, delay or cancellation of check-ups and/or ongoing health issues, and straight up depression.

Posted by swksvolFF 2021-05-06 11:15|| 2021-05-06 11:15|| Front Page Top

#9 in most cases, people who died with “covid” on their death certificates would have died, in any event, in a matter of months or perhaps a year or two.

It seems so. There was a paper posted on the Johns Hopkins University website that looked at total deaths overall. Normally, people die of the usual things like heart disease or flu at fairly constant rates. The specific numbers may vary, but the category ranks, the popularity of various diseases if you will, remains the same. One would expect that Covid deaths would be an increase to overall deaths, an addition to the totals.

What the paper showed was that while Covid deaths went up, the numbers for other causes like heart problems fell drastically. Deaths From All Causes was constant. It appears the deaths from other causes were being drawn forward. in time, so to speak.
tl;dr: If you are old and sickly, you are more likely to die from the first thing that comes along.

The paper was taking down after a few days because people were "drawing the wrong conclusions" from the data.

Posted by SteveS 2021-05-06 14:51|| 2021-05-06 14:51|| Front Page Top

#10 The paper was taking down after a few days because people were "drawing the wrong conclusions" from the data.
However this data is still out there and is not likely to disappear. Any competent medical writer should be able to make the same case and draw the same conclusions as the Johns Hopkins writers did. Not that anyone will ever wind up considering this.

Posted by Bubba Lover of the Faeries8843 2021-05-06 15:45|| 2021-05-06 15:45|| Front Page Top

#11 Deaths From All Causes was constant. It would be clearer to have written there were no 'excess deaths' after all. Irony is wasted on me.

Posted by Bubba Lover of the Faeries8843 2021-05-06 15:53|| 2021-05-06 15:53|| Front Page Top

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