By: Jeremy Mulvihill
on October 12, 2018
Another big demographic shift for the program relates to rising life expectancies. In the mid-1960s, the life expectancy of the average adult in the United States was about 70 years. By the mid-2010s, life expectancies had risen to 78.8 years. This improved life expectancy can be attributed to better health education, growing access to medical care, and improved pharmaceutical options.
Once again, the architects of Social Security didn't predict that life expectancies would improve by as much as they have. The result is we have people living longer than ever, and able to draw Social Security payments for an extended period of time. Continue Reading