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Federal receipts as a percentage of GDP may be within historical norms but the population pyramid is not. The baby boomers' retirement will have to be paid for
by khuey 3y ago
Federal receipts as a percentage of GDP may be within historical norms but the population pyramid is not. The baby boomers' retirement will have to be paid for somehow: either through benefit cuts, higher taxes on the working, or more debt.
- jmoak3 3y agoI totally agree, something has to budge. That's one of the reasons I bought a house in a cheaper area close to family and am trying to save money, but really what can one even do to prepare for this? Mass monetary creation and a higher tax burden are guaranteed. Spend less and hold assets? Work in healthcare?