Tag: fertility
Is the drop in fertility due to the Great Recession or is it a permanent change? The fertility rate has enormous implications for the size of our workforce and for the finances of the Social Security system, which operates largely on a pay-as-you-go basis. A decline in the fertility rate would reduce the number of…
Panel’s specific recommendations would raise costs by 0.7 percent of payroll. Every four years the Social Security Advisory Board – a bipartisan government board that advises Congress and the President on challenges facing the Social Security program – appoints a Technical Panel to assess the reasonableness of the methods and assumptions underlying the Trustees’ long-term cost projections. …
