The percentage of Americans who are retired has been

Last updated: 7/19/2022

The percentage of Americans who are retired has been increasing over the last decade. This is causing some concern because health care, social security, and other costs will be the responsibility of a smaller group of people. That is, as the percentage of retired people increases, the percentage of working age people decreases. The following model predicts the percentage of retired people based on demographic data: R=t/873.36-2.15 where R is the percentage (as a decimal) of Americans who are retired in the year t (for example, the year 1995 would be t = 1995). Use the formula to predict the percentage of retired people in 2028. Give the answer as a percent, rounded to the nearest tenth of a percent.