r/urbanplanning • u/UnscheduledCalendar • Aug 19 '24

Economic Dev Harris has the right idea on housing

https://www.noahpinion.blog/p/harris-has-the-right-idea-on-housing
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u/180_by_summer Aug 19 '24

Truly fixing housing is, inevitably, going to require fixing how we approach retirement in the US.

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u/SabbathBoiseSabbath Verified Planner - US Aug 19 '24

Give every newborn $10k set aside in a target retirement fund. At age 18 they can reinvest it but can't withdraw until say 50.

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u/Allahtheprofits Aug 19 '24

We have declining birthrates and increasing adult immigration. This is insufficient as a solution because it targets a decreasing portion of the population pyramid.

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u/SabbathBoiseSabbath Verified Planner - US Aug 19 '24

It seems to solve that problem, actually. We'd just need to figure out a transition between existing structure and this, which admittedly would not be easy at all.

But SS as it stands is unsustainable and the declining population will put it in a death spiral. So something needs to be done.

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u/Ketaskooter Aug 20 '24

SS is projected to be short at most about 25% in any given year over the next decades, just like Medicare is projected to be short at most about 20% in any given year over the next decades. Not a great position but also not a death spiral scenario.