Hi, I would appreciate some insight and thoughts on how to answer this question. Thank you!

Question #2

Social Security is forecast to run out of money in the next 18 years. Moreover, more and more citizens are not saving for retirement citing low wages, high inflation, high taxes (including the social security tax), and increased housing prices. You have been hired by the Feds to consult on better policy that will A) continue the viability of Social Security and B) entice citizens to plan for and invest on their own for retirement. What analysis would you do and what recommendations would you give?

CONVINCE THE FOMC OR THE FEDS TO IMPLEMENT YOUR SUGGESTIONS

Why should they do this?

Give examples/ideas

It has to make $ sense to them!

You are selling this idea.

How do you convince the decision makers they should do this?