Paul Krugman

@paulkrugman ↗

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Last Checked July 25, 2021

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Sun Jul 25 19:05:19 +0000 2021

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Paul Krugman @paulkrugman

But the first issue, while real, is often overstated. Remember how retiring baby boomers were going to cause fiscal catastrophe? Well, boomers started hitting 65 in 2010. No catastrophe yet 6/ — PolitiTweet.org

Posted July 25, 2021

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Paul Krugman @paulkrugman

Low fertility does have economic effects. It means a higher old-age dependency ratio, making safety net harder to afford. It also contributes to secular stagnation: weak investment demand => persistent low interest rates 5/ — PolitiTweet.org

Posted July 25, 2021

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Paul Krugman @paulkrugman

SSA projects that Social Security outlays will rise 1% of GDP by 2070. Other demographic effects on budget — Medicare and Medicaid also affected by aging. But still we're looking at couple of % of GDP — not earth-shattering 7/ — PolitiTweet.org

Posted July 25, 2021