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Rather than cutting benefits of existing workers, governments usually cut benefits for future workers.
About half have made modest trims, but only for future workers.
Mitt Romney has advocated raising the retirement age for future workers and slowing increases in benefits to richer retirees.
It has been far more common for cities and states to adopt more modest retirement plans for future workers.
Some economists, though, fear that the costs of supporting the elderly will prove too much for future workers.
It also dropped its demand to raise the retirement age for future workers to 62, from 55 for current workers.
Similar(29)
According to the article, what kinds of messages do Mr. Beck and Mr. Wade claim the gaming world provides for the generation of future workers?
Instead, policymakers cut taxes for older generations repeatedly while promising them generous health and retirement benefits paid-for by future workers.
This suggests a potentially important resilience factor for these future workers, who envision that colleagues may act as reliable sources of information and emotional support.
But now there are too many claimants for not enough future workers' payments, and the system is going broke.
In addition to legalization and border enforcement measures, a comprehensive solution should include provisions for families and future workers to enter the country legally.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com