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Wed 6 Apr, 2005 11:25 am
I was thinking about the US SS programme, and how inflation indexing benefits instead of wage indexing them would eliminate the deficit. So I thought, what if the SS cap was wage indexed, how would the prospects of SS look then?
Intuitively I'd guess it would still run a deficit as the ratio of workers to beneficiaries will decline in future years, but I don't have the numbers.