Tag: children
Federal Medicare spending will increase sharply as baby boomers, with their longer life spans than previous generations, sign up in droves. The Social Security Trust Fund also reports that its reserves will be depleted in 2034, requiring either benefit cuts or new revenues to replenish a program that keeps millions of older Americans either out…
The brief’s key findings are: The cost of raising children could make it harder for parents to save for retirement. On the other hand, if parents offset child-rearing expenses by spending less on themselves, they could still end up well prepared in retirement. The analysis uses the National Retirement Risk Index to look at what…
