If Baby Boomers were to delay their retirement and remain in the workforce an additional 3 years, it is estimated that the financial deficits now looming over the social security system would be eliminated

Question

Quizplus · Accepted Answer

Delaying retirement would have a significant positive impact on the social security system's financial health, but it would take a considerable amount of time, estimated at 75 years, to fully eliminate the looming deficits. This is because the additional contributions and reduced payouts would accumulate benefits over a long period.

If Baby Boomers Were to Delay Their Retirement and Remain