As the Large Baby-Boom Generation Moves into the Retirement Phase

question 115

Multiple Choice

As the large baby-boom generation moves into the retirement phase of life, this will

• A) make it easier for the federal government to finance its budget deficit because the baby-boomers will be the wealthiest generation  of retirees in American history.
• B) make it easier for the federal government to reduce spending because senior citizens do not spend much on consumption.
• C) make it more difficult for the federal government to finance its budget deficit because the retirement  of the baby-boomers will  mean more expenditures for Social Security and Medicare.
• D) not affect the federal deficit because there is no reason to expect that either federal spending or tax revenues will be influenced by the retirement of the baby-boomers.

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