Word: maintained
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Dates: during 1990-1999
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...finance Social Security benefits for the Baby Boom generation? If you think this is an unimportant question for a 20-year-old Harvard student, think again. Without any changes, Social Security benefits are projected to exceed payroll tax revenues by approximately $160 trillion from now until 2075. To maintain the exiting system, our generation will have to bear a tremendous burden in the form of higher taxes during our working years and reduced benefits in our retirement years. In fact, economists estimate payroll taxes may have to rise at least 50 percent to finance benefits for our parents' generation...
...past 50 year, it has gone from 2 percent to 12.4 percent). Unfortunately, times have changed. In particular, the number of workers per retiree has decreased dramatically with the aging of the American population. The problem will only get worse when the Baby Boomers begin to retire. To maintain the existing system's solvency, we will have no choice but to increase taxes, reduce benefits, and/or raise the retirement...
...investments, and in particular, they point out that the stock market cannot continue its recent record of abnormally high returns. Well, they are correct that individual stocks have more risk than bank accounts or U.S. government bonds, and they are also correct that the stock market in unlikely to maintain its current rate of return. However, they must remember that individuals will be investing for the long haul, and in that case, the risk of losing money in a diversified portfolio of stocks looks mighty small. In fact, stocks rose at a 7.56 percent annual rate, after inflation, over...
...Gautam, in the movie the "brain" takes wood shop because he thinks it will be an easy "A" and he wants to maintain his high grade point average. Have you ever taken shop...
...concede that it is the role of the License Commission to enforce existing city statues. But if the purpose of these statues is to maintain order in the City of Cambridge, then the cancellation of these events is misguided at best. The entire purpose of House Committees is to organize harmless social functions--the sort of functions, one might add, that could actually keep students from doing other things that the law has deemed evil, like purchasing alcohol before living for 21 years. Despite the occasional "Debauchery Dance," House Committee events could not possibly be more innocuous. In a city...