A very successful American investor - Stan Druckenmiller - believes that in the next 15 years the mushrooming costs of Social Security, Medicare and Medicaid will bankrupt the nation’s youth and eventually result in a crisis worse than the financial meltdown of 2008. The former chief strategist for George Soros said, “We’re going to go from five workers of working age supporting every elderly person to two and a half because of demographics ... We’re just using more and more of society’s resources to fend for the old people.”
I would offer that all gov't expenditures contribute to the meltdown and we can play kick-the-can as Greece has done or act now before we eat the goose that lays the golden eggs.
Stan Druckenmiller sees massive problem caused by aging - Yahoo Finance
I would offer that all gov't expenditures contribute to the meltdown and we can play kick-the-can as Greece has done or act now before we eat the goose that lays the golden eggs.
Stan Druckenmiller sees massive problem caused by aging - Yahoo Finance