Not Finding Your Answer?
Post It On KidzTalk Homework Help
Post It On KidzTalk Homework Help
Report a search problem
mobile version
Copyright 2005-2024 KidzSearch.com
An intergenerational contract is an agreement between different generations. It assumes that future generations will honor the contract and provide a service to a generation that has done the same service for an older generation.
The most common use of the term is in social security and refers to the consensus to provide pensions for the retired generations through payments made by the working generations.
The use of the word contract is not entirely accurate as the next generation enters the agreement without consent.