The Boomers Are to Blame for Aging America – The Atlantic

Below, I show a reasonable projection of the share of national income that will have to be spent paying for these obligations in the future if there is no substantial restructuring of liabilities. It’s based on consensus forecasts from groups such as the Congressional Budget Office and the Office of Management and Budget for economic growth and for programs such as Social Security and Medicare where such forecasts are available—but in some cases, such as state debts and pensions, no such forecast was available, and so I developed a simple one.

Editor’s note: the graph rises from roughly 3% of GDP in 1950 to nearly 20% of GDP by 2040.

Source: The Boomers Are to Blame for Aging America – The Atlantic

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