Policies to Reduce Entitlement Spending
Four frequently cited methods to trim federal entitlements are: increasing the normal retirement age for Social Security (SS); adjusting the inflation indexing of SS benefits; raising the age for Medicare eligibility; and hiking Medicare premiums. These proposals differ in both the magnitude and the timing of their impacts.
Suggested citation: “Policies to Reduce Entitlement Spending,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-07, pp. 13, 07.01.1998.