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Martin Feldstein: Saving retirement
Only if the United States and other countries act now will they be able to save the post-retirement social safety nets .Public pension programmes around the world are in financial trouble. Because of continuing increases in life expectancy, the number of eligible retirees is rising more rapidly than the tax revenue available to finance benefits. In the United States, the Congressional Budget Office projects the relative cost of the Social Security programme’s old-age pension benefits to rise...Read More
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