Aging Population | The Aging Population Is Hurting the Economy

In the following viewpoint, Peter G. Peterson argues that as the elderly population grows throughout the developed world, the global economy will suffer serious consequences. According to Peterson, benefit programs to the elderly will require increased funding, and taxes will need to be raised to provide those funds. He asserts that unless alternative solutions are implemented, these tax increases will wreck the standard of living for younger generations. Peterson was the secretary of commerce for President Richard Nixon and is the author of several books, including Gray Dawn: How the...

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