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Why will the baby boomer generation be a potential problem for government spending?
Wiki User
∙ 8y ago
the ratio of workers to retirees will be low, which will lower the income tax base from which to fund Social Security
Reese Lebsack
Wiki User
∙ 13y agoBaby Boomers will retire at a faster rate than the younger generation of Americans will be able to work and put some money into the social security system.
Because the availability of Americans to pay their share in the Social Security Program will decrease while the population of Americans who have already paid their share to the Social Security Program and now benefit from the program will increases.
In other words: There might be more "need" and less who are able to "help" in the years to come.
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Why will the baby-boomer generation be a potential problem for government spending?
the ratio of workers to retirees will be low, which will lower the income tax base from which to fund Social Security
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Why will the baby-boomer generation be a potential problem for government spending?
the ratio of workers to retirees will be low, which will lower the income tax base from which to fund Social Security
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What is problem - solution?
Describes a problem and relays a potential solutions.
