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West German Demographics and Social Security

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Many US policymakers are worried about the effect of changing demographics on the Social Security system. Because the number of elderly Americans is increasing relative to the number of working age people who can support them, either benefits must decrease or the Social Security tax must increase if the system is to remain solvent.

Suggested citation: “West German Demographics and Social Security,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-03, pp. 13, 03.01.1996.

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