Why is the cost of the Social Secuntyprogram expected to increase in the next decades?
So-called “baby boomers” generation is the generation of people who are born between 1945 and 1964. When they retire, after age 65, they will get access to certain programs. Since this generation is population wise large, that means that spending for Social Security will rise when they retire. In addition to this, this generation will be eligible for Medicare also, and this program gets more expansive as time goes by.