Asked by Tyler

What will result from an increased life expectancy and improved health care?
Answered by Tyler
Wouldn't the economy improve as well since there are more consumers and workers are able to continue working and producing products??
Answered by Ms. Sue
Yes, but we'll also have more retirees drawing social security.

Answered by Tyler
So would that still mean the economy would improve since the retirement pays can be a sort of incentive to draw in more people into that town.
Answered by Ms. Sue
Retirees with a lot more money than just their social security checks are good for the economy. However, many retirees live on little more than their social security checks -- which probably average somewhere around $1,300 a month. Some of them need government subsidized housing to make ends meet.

Also -- some people believe that the social security fund will run out in a few years. However, as long as workers with good wages pay into this fund, it should be self-sustaining.

As a retiree, I live comfortably on a teacher's pension plus social security. But most younger people don't have pensions today.