>I fully expect it will be people who are saving their income that will pay to fund those who are not in the future if the latter is the majority.
Absolutely. I expect the government to renege on most tax-advantaged programs for retirement they instituted in the 1960s and on (Roth IRA etc). I expect Social Security to stop being paid to higher net-worth individuals or for them to be pushed into a later age where they can collect it.
The crisis we face isn't one that is going to be fixed easily. Government receipt shortfalls project to be massive in a few decades.
Absolutely. I expect the government to renege on most tax-advantaged programs for retirement they instituted in the 1960s and on (Roth IRA etc). I expect Social Security to stop being paid to higher net-worth individuals or for them to be pushed into a later age where they can collect it.
The crisis we face isn't one that is going to be fixed easily. Government receipt shortfalls project to be massive in a few decades.