- Why or why not? (What are the economic issues involved here)?
- What fiscal policies should our government implement to deal with this pending crisis?
- How should we as a country deal with this issue from a fiscal point of view?
- How should you as an individual deal with this issue?
During the next decade alone, the number of people age 65 or older is expected to rise by more than one-third, and the share of the population age 65 or older is projected to grow from the current 15 percent to 21 percent in 2040.
Further respond to the below topics:
- Why is the over-65 population increasing so rapidly? What are the implications of this increase for future federal spending on Social Security and Medicare as a percentage of GDP? What choices do policymakers face in dealing with this issue?
- What are the opportunity costs of those decisions?
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