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25 November, 13:20

Over the next 20 years, more and more Baby Boomers are expected to retire. Which of the U. S. government's budget categories is likely to be most affected by this trend?

Choose one:

A. mandatory

B. discretionary

C. both discretionary and mandatory

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Answers (1)
  1. 25 November, 13:35
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    Over the next 20 years, more and more Baby Boomers are expected to retire. Discretionary of the U. S. government's budget categories is likely to be most affected by this trend.

    Answer: Option B

    Explanation:

    The ones born after 1946 and before 1964 are called as the Baby boomers. They form the major strength in the population. These people are likely to get retired after 20 years.

    The government will face a huge budget crisis as they have to finance for their lifetime medical expenses. Half of the retirees have got very less savings that they have planned for the future.

    For them the future is at stake and there are many who have to drastically change their lifestyle. In American public finance, discretionary spending is government spending implemented through an appropriations bill.
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