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| Name | How 2024’s Record Retirement Numbers Could Spark a Recession | WSJ |
| Video Uploader | Video From The Wall Street Journal |
| Upload Date | This Video Uploaded At 13-02-2024 15:00:40 |
| Video Discription | Over four million Americans will reach traditional retirement age this year, more than any other time in history. By 2030, baby boomers will all be 65 or older, shrinking the workforce share of the population. What does this mean for Social Security, which is funded by taxing current workers? WSJ breaks down how this demographic shift threatens the future of Social Security if nothing is done before 2034. Chapters: 0:00 Baby boomers retiring 0:27 How the workforce is changing 1:10 How this impacts Social Security 2:26 How this affects the people 4:30 What reform would look like News Explainers Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news. #Retirement #Economy #WSJ [iQwUlMan7y8] |
| Category | News & Politics |
| Tags | baby boomers | retirement | retirement data | recession 2024 | recession fears | economy | social security | economic news | wsj | u.s. population | taxable workers | fiscal policy | social security payments | congress | government programs | economic growth | retirees | payroll tax revenue | birth rate | policy change | social security trust fund | treasury bonds | IOUs | retirement income | census bureau | utilities | rent | employer provided pension | IRAs | 401k | 401(k) | payroll tax | raise taxes | bnecon |
