Social security was created as an ldquounfundedrdquo or, Business Economics

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Social security was created as an ldquounfundedrdquo or

Social security was created as an “unfunded” or “pay-as-you-go” plan. Explain how an “unfunded plan works. Suppose we suddenly ended social security today. How would the return earned by the last generation of retirees compare to that earned by the first generation and why?

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Business Economics: Social security was created as an ldquounfundedrdquo or

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