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Essay

The Graying Of America

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Francis M

 

Date added:

July 29, 2013

 

Level:

University

 

Grade:

B

 

No of pages / words:

4 / 1022

 

Was viewed:

6412 times

 

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Essay content:

Increasing costs of living 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 raise taxes, increase the debt, print more money, reduce Social Security benefits immediately, or do some combination of those things to rectify the Social Security cash-flow imbalance...
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The surplus will be gone. The amounts needed by the Social Security system, even in the early years, are not insignificant. In 2015 experts believe that the government will have to find approximately $57 billion to meet its obligations. By 2020 the number will have grown to $232 billion. The demographic makeup of America is changing...
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