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Why is the cost of the social security program expected to increase in the next decades?
Wiki User
∙ 13y ago
Social Security will increase as people in the large "baby boomer" generation, born between 1945 and 1964, start to retire.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agosocial security payments will rise as people from the baby boomers era start to retire.
Wiki User
∙ 13y agoBecause of fluctuating birth rates (aka the Baby Boom) and expansion of the programs, RSDI (Social Security) and Medicare are no longer actuarially sound.
Wiki User
∙ 10y agoThe baby boomer generation will qualify for both programs.
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