July 30, 2014 Social Security: Is an Aging Population—or Slow and Unequal Wage Growth—our Biggest Challenge? Monique Morrissey Economic Policy Institute What the Social Security actuaries failed to foresee in 1983, when Social Security was last projected to be in long-term balance, wasn’t the Boomer retirement, but rather the fact that the dismal real wage growth of the previous decade.
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