Social Security, Medicare, and Lockboxes
1. How did the Social Security system contribute to the surpluses of the late 1990s?
2. How can a baby boom cause problems for an unfunded pension system?
3. What are two solutions to the "real" problem posed by the growing number of retiring baby boomers beginning in 2020?
4. Why won't a fully funded Social Security trust fund solve the real problem the U.S. economy will face as more and more baby boomers retire?