Kent Smetters, faculty director of the Penn Wharton Budget Model, estimates that we spend 6x more on older than young people — or actually more like 10x.
A recent analysis highlights a significant spending disparity between generations, with older individuals incurring vastly higher expenditure than younger ones. Kent Smetters from the Penn Wharton Budget Model estimates that spending on the elderly is 6 to 10 times more than on…
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