This is a short summary of the paper
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The Graying Of America
Start of Term Paper
Of the total federal expenditures in 1995, Social Security together with
Medicare(federally founded health program aimed at helping the elderly, founded
in 1965) was the largest, accounting for about 34 percent. In 2005 this figure
is predicted .... Middle of Term Paper
... the Social Security cash-flow imbalance. The surplus will be
gone. The amounts needed by the Social Security system, even in the early years,
are not insignificant. In 2015 experts believe that the government will have to
find approximately $57 billion to meet its obligations. By 2020 the number will
have grown to $232 billion.
The demographic makeup of America is changing. The share of the population over
the age of 65 will continue to grow well into the next century. Today,
approximately 13 percent of the population of the United States is over age 65.
By 2030 that percentage will increase to more than 20 percent. Even more
surprising, ... |
| Number of Words: 979 |
Approximate Pages: 4 |
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