Sunday, October 30, 2016

TRUDEAU'S LOVE-IN WITH MILLENIALS WON'T LAST

What millennials need most of all are deep structural reforms to our retirement system.  The steeply rising costs of health care and benefits for retired boomers will be a huge drag on the economy.  The solutions are obvious: encourage people to prolong their working lives, gradually increase the eligibility age for retirement benefits, and introduce more means testing for benefits - including health care - that flow to the affluent.
But that would take real guts and heavy lifting.
 

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