Retirement Redefined: A Timeline By facebooker_100000289093574 Jan 1, 1900 Life expectancy is 47 years. Life expectancy in the USA, 1900-98 Aug 14, 1935 Franklin Delano Roosevelt signs the Social Security Act. Our Documents: The Social Security Act Jan 1, 1940 More than 40 workers for every 1 retiree. Ratio of Workers to Retirees Jan 1, 1950 Life expectancy is 68 years. Life Expectancy Jul 30, 1965 Congress passes amendments to Social Security act that establish Medicare benefits. The Development of Medicare Jan 1, 1990 5 people working for every 1 retiree. Coping with the Demographic Challenge: Fewer Children and Living Longer Jan 1, 2004 4 people working for every 1 retiree. Coping with the Demographic Challenge: Fewer Children and Living Longer Jan 1, 2007 Life expectancy is 78 years. Life Expectancy Sep 29, 2008 Stock market drop wipes out an estimated $2 trillion in retirement savings. Stocks Crushed Jan 1, 2011 The first group of Baby Boomers turns 65. First Baby Boomers Turn 65 Jan 1, 2030 1 in 4 people will be over age 65 in the United States. Coping with the Demographic Challenge: Fewer Children and Living Longer Jan 1, 2038 2 people projected to be working for every 1 retiree. Coping with the Demographic Challenge: Fewer Children and Living Longer Jan 1, 2050 About 17% of the world's population is projected to be 65 & older, up from about 8% in 2011. Coping with the Demographic Challenge: Fewer Children and Living Longer
