Question

1. assuming that there are 95 million workers in the labor force in 2030 and 55 million retirees drawing social security, how many workers will be paying in per retiree at that time?

Explanation:

Step1: Calculate the ratio

To find the number of workers per retiree, divide the number of workers by the number of retirees.
$$\frac{95}{55}$$

Step2: Simplify the fraction

$$\frac{95\div5}{55\div5}=\frac{19}{11}\approx 1.73$$

Answer:

Approximately \(1.73\) workers per retiree.