Category: Generational Economics Blog
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Social Security’s Funding Crisis Wasn’t a Surprise: Decades of Inaction Made It Worse
Introduction For years, Americans have heard warnings that Social Security is “running out of money.” The reality is more nuanced. Social Security is not going broke in the sense that benefits will suddenly disappear. As long as workers continue paying payroll taxes, the system will continue collecting revenue and paying benefits. However, Social Security does…
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The 2025 Senior Tax Deduction: Generational Fairness, Distribution, and What It Means for Working Families
Tax policy is never just about numbers. It reflects priorities — economic, demographic, and political. In 2025, federal tax law introduced a substantial expansion of deductions for Americans age 65 and older. On the surface, it appears straightforward: seniors receive additional tax relief. But beneath that headline lies a deeper structural question: Who benefits most…
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Bridging the Generational Divide: How Policy Choices Have Shaped Today’s Financial Reality and How We Move Forward
I. Introduction: A Structural Challenge, Not a Blame Game The United States has experienced one of the most dramatic generational wealth shifts in modern economic history. The Baby Boomer generation—born between 1946 and 1964—came of age during a period of expanding homeownership, strong wage growth, accessible public higher education, and relatively affordable family formation. Today,…