What is the possible increased burden on the younger population to compensate for health care cost, lost income, housing needs with a lesser population contributing to Social Security due to the longevity of the aging population?
Elderly poverty has been significantly reduced since WWII as a result of the Social Security program. During the post war years there were small numbers of elderly and a large baby boomer generation. The tables are now turned with fewer young workers and a surplus of elderly people who are living longer than ever before. With fewer people paying into Social Security and more people withdrawing from it elderly poverty is once more expected to rise. As a matter of fact the decrease in elderly poverty slowed and stopped in the 1980's and has actually risen slightly since then.
Rising health care costs are another burden that must be shouldered by the younger population. Recent research has indicated that nearly 10% of American families spend over 20% of their family budget on health care costs. In many cases this is due to the fact that they are caring for elderly parents who have health care costs not completely ...
What increased burdens will new generations need to shoulder in order to meet the health care demands of a growing elderly population? Over 650 words of original text along with links to scholarly resources.