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In fact, only about one-tenth of the increase is due to upticks in old-age pensions and health-care programs for seniors.
WSJ: Nicholas Eberstadt: Yes, Mr. President, We Are a Nation of Takers
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Congress rejected this 1937 proposal and turned against further New Deal measures, but not before the Social Security Act creating old-age pensions went into effect.
NYTIMES: The Great Depression
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It has stabilised the economy, built a million houses, brought water and electricity to many who lacked it before, and provided a safety-net for many poor families through old-age pensions.
ECONOMIST: South Africa
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His attention is focused on the old age welfare system, comprising pensions, health care, and nursing care.
FORBES: Academic Appeal for "Small Government"
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In what has been for most politicians three months of absorption in the exigencies of the disaster, the bureaucracy has nonetheless plodded on to produce a financial restructuring proposal for the old age welfare system, particularly pensions.
FORBES: The Fog Begins to Clear
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One strategy is to relieve the pressure on mandatory pensions by encouraging private, voluntary saving for old age.
ECONOMIST: Ageing and public finances
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Usefully, he includes a short history of pension provision, short because in the bad old days there was not much need for pensions: people generally worked until they dropped dead at an early age.
ECONOMIST: The history and future of pensions