The Graying Of America

The Graying Of America The Graying of America Of the total federal expenditures in 1995, well-disposed shelter together with Medicargon(federally founded health program aimed at fortune the elderly, founded in 1965) was the largest, accounting for about 34 percent. In 2005 this understand is predicted to be as high as 39 percent. This is caused by the "graying" of America and the increased number of elderly who will aggregate benefits for a longer portion of their lives, coupled with a simplification of the number of workers available to pay for their benefits.

Increasing costs of supporting and higher standards of living (as reflected in higher wages) also are consequences. In short, if no action is taken in the interim, by approximately 2013 the federal government will have to go off taxes, increase the debt, print more money, reduce societal Security benefits immediately, or do some combination of those things to rectify the Social Security cash-flow imbalance. The surplus will ...If you want to get a full essay, order it on our website: Orderessay

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