OMG, that chart says younger workers are making less than older workers but will receive more benefits... Wow! Genius. What a way to "lie with statistics"...
FIrst the biggest problems, it doesn't index their contributions to inflation or assume the interest it would have been getting in a simple medium yield savings account. Next, it does add inflation for the benefits of future retirees, but not their wages. The third problem is it assumes a life expectancy increase and no raising in the retirement age.
Lastly, using lifetime contributions is very shady, they should break it down to yearly income, because it matter how long they were making how much not the total contribution. If you went back to the older people at the time when they were the age of the younger people, that chart would be very different (or if you could see into the future and predict the future wages the younger workers as they age).
The age will be going up for my generation, unless there's a shortage of jobs.
I would cite regulation, but I know you will simply ignore it.
