Tag: IOUs
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Record Number of Baby Boomers Retiring in 2024 Poses Threat to Social Security Stability
As the baby boomer generation reaches traditional retirement age, a record number of retirees are expected by 2024, posing a significant challenge to the U.S. Social Security system. With fewer workers entering the workforce and an increasing number of retirees, the Social Security trust funds are projected to be depleted by 2034, leading to a…