Fed's Poole on population and social security

In a speech on 'World population trends and challenges' given on 4 October, William Poole of the Federal Reserve Bank of St. Louis said raising the age at which Americans can collect full Social Security benefits may be the best way to protect the long-term health of the system.

As people live longer and have fewer children, the nation's pension system must make tough choices, said William Poole, president of the Federal Reserve Bank of St. Louis.

"The fundamental problem our society - and all

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