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Policies to Reduce Entitlement Spending

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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.

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