May 29, 2017

Percent of Americans 65+ is Growing

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The graph below demonstrates that the American population is is changing in composition as the Baby Boomer generation reaches old age while younger Americans are having fewer children. The result is that a greater percentage of the population relies on Social Security and Medicare while a small percentage of the population are paying taxes to support the programs.

Source: U.S. Census Bureau, 2012

About the Issue

  • Social Security, established in 1935, is the federal government’s largest program. It represents approximately one-fifth of the federal budget and...

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