And this could very well describe the situation in the U.S.
We’re all living longer, and drawing our state pensions for many more years. Meanwhile, a falling proportion of the population is in work and able to contribute towards those pensions. Growing numbers of older people mean a smaller proportion in work: and at the same time, people are spending longer in education (the government is about to make kids stay in school until 17), kicking about the world on gap years, doing MBAs and the like. So everyone in work has to carry more dependents.
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