sábado, 29 de setembro de 2012

We will, we will rock you

The next crisis

Sponging boomers

The economic legacy left by the baby-boomers is leading to a battle between the generations

A study by the International Monetary Fund in 2011 compared the tax bills of a cohort’s members over their lifetime with the value of the benefits that they are forecast to receive. The boomers are leaving a huge bill. Those aged 65 in 2010 may receive $333 billion more in benefits than they pay in taxes (see chart), an obligation 17 times larger than that likely to be left by those aged 25.
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