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Social Security in Trouble

When looking at replacement income for prior earnings, the United States ranks 26th on the list, while Greece is 3rd. What are some of the causes of this variance? What is the role of its Public Pension Replacement Rates on its debt burden? This is part of a question that I need to answer for a 4 page paper. I am having trouble with the "what is the role of its Public Pension Replacement Rate on its debt. " part of the assignment. Some help would be appreciated.

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This is basically the big issue with Social Security that the US is having right now. Back in the baby boom era, there were many babies born, who are now at retirement age, which means that now many individuals, more than ever before, are receiving social security. However, social security is only funded when people are employed and are paying social ...

Solution Summary

When looking at replacement income for prior earnings, the United States ranks 26th on the list, while Greece is 3rd. What are some of the causes of this variance? What is the role of its Public Pension Replacement Rates on its debt burden? This is part of a question that I need to answer for a 4 page paper. I am having trouble with the "what is the role of its Public Pension Replacement Rate on its debt. " part of the assignment. Some help would be appreciated.

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