Social Security and Medicare: The Economic Implications of Current Policy
Description:
The retirement of the baby boomers, rising life expectancy, and the rising cost
of medical care are projected to place current federal policy on an unsustainable fiscal
basis over the next several decades. Social Security outlays are projected to rise from
4% of gross domestic product (GDP) today to 6% of GDP in 2030 and Medicare and
Medicaid outlays rise from 4% today to as much as 12% of GDP in 2030 and 21%
of GDP in 2050. These increases in spending are not expected to subside after the
baby…
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Date:
January 28, 2005
Creator:
Labonte, Marc
Partner:
UNT Libraries Government Documents Department