The Graying Of America

The Graying Of America The Graying of America Of the total federal expenditures in 1995, favorable protection together with Medic atomic number 18(federally founded health program aimed at helping the elderly, founded in 1965) was the largest, accounting for about 34 percent. In 2005 this go steady 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 collar benefits for a longer portion of their lives, coupled with a decline of the number of workers available to pay for their benefits.

Increasing costs of nutriment 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 organise taxes, increase the debt, print more money, reduce hearty Security benefits immediately, or do some combination of those things to rectify the Social Security cash- flow imbalance. The surplus will be gone. The am...If you fate to get a full essay, order it on our website: Orderessay

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