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No, the millenials will be paying for the older generation's retirement and healthcare via Social Security and Medicare.
by snikeris 8y ago
No, the millenials will be paying for the older generation's retirement and healthcare via Social Security and Medicare.
- pm90 8y agoNot unless the GOP gets its way and privatizes both.
- Bahamut 8y agoThen we'll just be paying it out of pocket.
- doytch 8y agoEh. If that happened, then at least I'd only be paying for myself out of pocket and not also the older generation that saw fit to have their cake, eat it, and leave the bill for the next generation. (Not that I actually believe there should be a privatised healthcare system.)
- JumpCrisscross 8y ago> millenials will be paying for the older generation's retirement and healthcare via Social Security and Medicare My guess is younger generations, once better politically ensconced, will flip the script on boomers by funding broad social benefits out of social security and Medicare. (For example, by reducing Medicare benefits while making them available to all age groups.)
- treespace8 8y agoThis won’t happen until the boomers numbers are much smaller then the milliennials. The boomers will be a unified block all voting for social security and health care for the elderly. Everyone else will be split around various special interests. So maybe in 20 years?
- JumpCrisscross 8y ago> Everyone else will be split around various special interests I think you’re overestimating the probability of this factor. Twenty years isn’t a bad estimate, but I’d guess closer to 10.
- rnernento 8y agoI think you're underestimating the fact that the boomers will be a bunch of sick old people literally relying on millenials to take care of them in nursing homes.