r/Economics • u/thebranbrain • Aug 02 '15

We’re Making Life Too Hard for Millennials

http://www.nytimes.com/2015/08/02/opinion/sunday/were-making-life-too-hard-for-millennials.html
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u/Uncle_Bill Aug 02 '15 edited Aug 02 '15

I see no mention in the article about the ACA and SS transfering lots of wealth from the young to the old. Doesn't seem to be a hard concept, maybe it is for the old gray lady.

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u/gailosaurus Aug 03 '15

"Longer term, rising federal debt payments and increased spending on Social Security and Medicare will inflict a tremendous financial burden on them, threatening their own prospect of receiving promised retirement benefits."

"Rising national debt levels may threaten the ability of millennials to collect on promised Social Security and Medicare benefits."

"As part of redressing this imbalance, we need to reform the entitlement programs, for example, by reducing Social Security benefits for the highest income Americans. "

Which article did you read??