French pension reform sparks violent protests and social unrest.

1 min read
Source: USA TODAY
French pension reform sparks violent protests and social unrest.
Photo: USA TODAY
TL;DR

Lawmakers in the US are considering changes to entitlement programs, with some suggesting raising the full retirement age as a solution to the Social Security reform debate. The US population is aging and birth rates are declining, meaning younger Americans are supplying less tax revenue to cover older generations’ Social Security benefits. The other option on the table for lawmakers is to funnel more money into Social Security by expanding the payroll tax or increasing the tax rate on employers and employees.

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