Even though the age pattern in spending is presently out-of-whack, the government is showing progress in delivering concrete policies that will make lives better for young people
Even though the age pattern in spending is presently out-of-whack, the government is showing progress in delivering concrete policies that will make lives better for young people
Interesting article that goes far more into depth than I was anticipating.
If you’re curious about the actual tax rates and burdens (ie when boomers were working age, there was 7 to ever 1 retiree, now we’re around 3:1) I’d recommend reading it.
There’s definitely going to be some harder times ahead regardless of how taxes are structured just because of how much older people are when they die, and all the extra healthcare burden associated with that.