|Title||Public and Private Challenges of an Aging U.S. Population|
|Publication Type||Journal Article|
|Year of Publication||2016|
|Pagination||8 - 10|
|Keywords||Income, Income inequality, Savings, Social Security, Spending, Taxes|
The challenges posed by the aging of the US population for business and public policy are vast. They are amplified particularly by:
This paper spells out these challenges and discusses how they can be addressed. Of particular importance are some combination of enhanced revenue and reduced expenditure for Social Security and Medicare, the shift of private pension plans from defined benefit to defined contribution, the need to consider later retirement ages, and the need for improved personal financial literacy.
|Short Title||Bus Econ|