Posts Tagged ‘baby boomers’

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    How Much Should Grandma Pay?

    Jan 14, 11 • 91 Views • Demand, Supply, and Markets, Economic Debates, Government, Thinking EconomicallyNo Comments

    When your Grandma gets her yearly physical, the doctor gets a check from the government. Did you ever wonder, though, who decides how much? Because she had to sign up for Medicare at 65, the market did not decide the price and neither did her doctor. Instead,...

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    The Young Old

    May 15, 10 • 102 Views • Government, RegulationNo Comments

    Having read that Greek fiscal austerity involves raising their average retirement age from 53 to 67 and that their life expectancy is 79.5 years, I thought of the Social Security Act of 1935 and then 2035. When Social Security was enacted in 1935, 5.4%...

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    Choosing Means Refusing

    May 11, 10 • 115 Views • Economic Debates, Government, Thinking EconomicallyNo Comments

    In yesterday’s Washington Post, Robert Samuelson reminded us that most developed nations will have a growing proportion of senior citizens. Comparing 2005 and 2030, for Greece, the 65 and older group will increase from 18% to 25%, for Spain, from 17% to...