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Speech before the National Academy of Social Insurance (NASI)



U.S. Demographic and Economic Trends and Related Developing World Implications

 

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Table of contents

U.S. Demographic and Economic Trends and Related Developing World Implications

Aged Population as a Share of Total U.S. Population Continues to Grow

Labor Force Growth

Social Security and Medicare's Hospital Insurance Trust Funds Face Cash Deficits as Baby Boomers Begin to Retire

Composition of Federal Spending by Budget Function

Composition of Spending as a Share of GDP Assuming Discretionary Spending Grows with GDP and the Tax Cuts Do Not Sunset

Social Security, Medicare, and Medicaid Spending as a Percent of GDP

U.S. Approach to Retirement Security

GAO and Social Insurance Reform

Other Industrialized Nations Face Similar Demographic and Economic Challenges

Implications of Demographic Challenges for the Developed World

Potential Consequences for the Developing World


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