The dire predictions about the underfunded nature of Social Security, Medicare, and state and local pensions could be wrong because

Question

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Modest changes to the programs such as adjusting the retirement age, increasing tax revenue, or reducing benefits could improve the funding of Social Security, Medicare, and state and local pensions. Therefore, the dire predictions about their underfunded nature may not necessarily be accurate. While interest rates, unemployment rates, and taxable incomes may also affect the programs, the likelihood and direction of these changes are uncertain.

The Dire Predictions About the Underfunded Nature of Social Security