Do you feel that when you retire there will still be Social Security? If so, do you feel that benefits will be at present levels or tax rates will have increased? Finally, has this discussion changed your plans regarding your own personal savings for your retirement?
What will be an ideal response?
This is a personal question, but as recently as August 2004, the current chairman of the
Federal Reserve, Alan Greenspan, has warned that benefits will need to be reduced for future
recipients or that there will need to be increases in taxes. Many working adults today are
changing their saving patterns because of this outlook.
Economics
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Fill in the blank(s) with the appropriate word(s).
Economics
If the structural stagnation hypothesis is true, what happened to the economy in the early 2000s that made it prone to a financial crisis?
A. Too-expansionary supply-side policies B. Increased trade restrictions C. Too-expansionary demand-side policies D. Slowing technological advance
Economics