Projected future expenditures on entitlement programs such as Social Security and Medicare are expected to lead to increasingly large federal budget deficits in future decades. Factors behind this trend include: - An unusual sense of entitlement among baby boomers - Increasingly generous benefits - A growing proportion of retirees to workers - Increasing life expectancy
Projected future expenditures on entitlement programs such as Social Security and Medicare are expected to lead to increasingly large federal budget deficits in future decades. Factors behind this trend include: - An unusual sense of entitlement among baby boomers - Increasingly generous benefits - A growing proportion of retirees to workers - Increasing life expectancy
Chapter23: Federal Deficits, Surpluses, And The National Debt
Section: Chapter Questions
Problem 15SQ
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Projected future expenditures on entitlement programs such as Social Security and Medicare are expected to lead to increasingly large federal budget deficits in future decades. Factors behind this trend include:
- An unusual sense of entitlement among baby boomers
- Increasingly generous benefits
- A growing proportion of retirees to workers
- Increasing life expectancy
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