PREPARE FOR THE FUTURE
March 25, 2004
How Federal Deficits Will Affect Your Retirement
Washington, DC | If current fiscal policies continue, some analysts predict the Federal deficit could grow to $54 trillion by 2008.
Fed Chairman Alan Greenspan has recommended cutting Social Security benefits for future retirees, raising the retirement age, and lowering cost-of-living increases.
How these phased-in remedies will affect various demographic groups may be estimated by using the following algorithmic formula:
