By James H. Schulz
With the upcoming retirement of a few seventy six million child Boomers, knowing the industrial, political, and social matters on the topic of the getting older inhabitants is paramount. If the doom-and-gloomers have their method, the aged can be placed out to pasture, with insufficient overall healthiness care and monetary assets, and a crumbling social welfare method. In getting older state, renowed specialists within the box, James Schulz and Robert Binstock, agree that there's huge reason for quandary, yet with a number of sound rules and courses in position and clever person offerings, the aged can prosper, and a demographic tsunami isn't really inevitable. Drawing from the most up-tp-date info, the authors supply in-depth research of the nation's evolving inner most and public rules on retirement, faltering enterprise pensions, wellbeing and fitness care, place of work stipulations, and entitlement courses, and view such well timed concerns as poverty one of the aged, rejoining the group after retirement, Social safeguard and overall healthiness care reform, and the increase of the aged as a strong political strength. Dispelling well known myths and misconceptions which are perpetrated via politicians and pundits alike, they supply a finished and balanced evaluation of the problems and their effect on each person, previous and young.Deserving terrible or grasping geezers? the controversy rages on. In a interval of big executive deficits and the approaching retirement of a few seventy six million child Boomers, realizing the industrial, political, and social matters relating to the getting older inhabitants is paramount. The coverage debates have by no means been extra contentious; they vary from identifying who may still obtain constrained sponsored housing and scientific companies to the continued conflict over saving Social protection and different entitlement courses. If the doom-and-gloomers have their method, the aged might be positioned out to pasture, with insufficient future health care and fiscal assets, and a crumbling social welfare infrastructure that would implode lower than the tension of intergenerational clash. This e-book debunks such a lot getting older crises placed forth by means of retailers of doom and provides a brand new coverage concentration for our nation.In getting older kingdom, popular specialists within the box, James Schulz and Robert Binstock, agree that there's huge reason for problem, yet with numerous sound rules and courses in position and clever person offerings, the aged can prosper, and a demographic tsunami isn't inevitable. Drawing from the most up-tp-date facts, the authors supply in-depth research of the nation's evolving deepest and public guidelines on retirement, faltering corporation pensions, future health care, office stipulations, and entitlement courses, and think about such well timed matters as poverty one of the aged, rejoining the crew after retirement, Social protection and overall healthiness care reform, and the increase of the aged as a robust political strength. Dispelling well known myths and misconceptions which are perpetrated through politicians and pundits alike, they supply a complete and balanced review of those concerns and their impression on every person, young and old.
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Extra resources for Aging Nation: The Economics and Politics of Growing Older in America
Focusing our attention almost exclusively on demographics and rising pension costs is a wrong approach. This is especially true if the goal of such a focus is primarily to scare the public as a political way of getting policies and programs changed to better serve certain ideological and/or monetary ends. Finally, when we try to develop sound aging policies by focusing on people only when they are old, we are missing a critical perspective. Aging is a lifelong phenomenon, with the outcome in old age dependent on decisions made about life at all ages during the life course.
Therefore, in the Advisory Council he chaired, Gramlich argued for mandatory “individual accounts” managed by the government, as a supplement to Social Security retirement benefits. As we will show below, these simplistic and dogmatic articulations of the sources of economic growth ignore decades of research and debate following Nobel Laureate economist Robert Solow’s insightful, but seriously deficient, early modeling of the economic growth process. 35 To imply that saving is the only one, or that it is the most important one, is simply bad economics.
For the first time in the nation’s history, a majority of the elderly could live independently, with incomes above the poverty level. But this positive change came at a cost. Public and private pensions began transferring large and ever growing amounts of money to the elderly just at a time when the numbers and proportion of elderly in the population were rising significantly. At the same time, demographers, policy analysts, and journalists gave increasing attention to what the future would be like when the baby boomers became old.
Aging Nation: The Economics and Politics of Growing Older in America by James H. Schulz