By James H. Schulz
With the upcoming retirement of a few seventy six million child Boomers, figuring out the commercial, political, and social concerns on the topic of the getting older inhabitants is paramount. If the doom-and-gloomers have their method, the aged may be placed out to pasture, with insufficient overall healthiness care and fiscal assets, and a crumbling social welfare method. In getting older country, renowed specialists within the box, James Schulz and Robert Binstock, agree that there's enormous reason for trouble, yet with various sound regulations 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 info, the authors supply in-depth research of the nation's evolving deepest and public rules on retirement, faltering company pensions, future health care, place of work stipulations, and entitlement courses, and view such well timed concerns as poverty one of the aged, rejoining the staff after retirement, Social safeguard and wellbeing and fitness care reform, and the increase of the aged as a robust political strength. Dispelling renowned myths and misconceptions which are perpetrated by means of politicians and pundits alike, they supply a complete and balanced overview of the problems and their impression on all people, outdated and young.Deserving bad or grasping geezers? the controversy rages on. In a interval of massive govt deficits and the approaching retirement of a few seventy six million child Boomers, figuring out the commercial, political, and social concerns concerning the getting older inhabitants is paramount. The coverage debates have by no means been extra contentious; they vary from finding out who should still obtain restricted sponsored housing and scientific companies to the continuing conflict over saving Social defense and different entitlement courses. If the doom-and-gloomers have their manner, the aged may be positioned out to pasture, with insufficient well-being care and fiscal assets, and a crumbling social welfare infrastructure that may implode less than the stress of intergenerational clash. This publication debunks so much getting older crises positioned forth through retailers of doom and provides a brand new coverage concentration for our nation.In getting older country, well known specialists within the box, James Schulz and Robert Binstock, agree that there's substantial reason for crisis, yet with numerous 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 information, the authors offer in-depth research of the nation's evolving inner most and public rules on retirement, faltering service provider pensions, future health care, office stipulations, and entitlement courses, and view such well timed matters as poverty one of the aged, rejoining the group after retirement, Social safeguard and future health care reform, and the increase of the aged as a strong political strength. Dispelling renowned myths and misconceptions which are perpetrated through politicians and pundits alike, they supply a accomplished and balanced review of those matters and their effect on each person, young and old.
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Additional info for Aging Nation: The Economics and Politics of Growing Older in America
Certainly we cannot say too many times that there are problems surrounding old age and that policies on aging can be improved. But we do not think that the future is as bleak as the Merchants of Doom would have us believe. Our aim in this book is to help readers sort out the truth from the myths. In doing this, our focus is on the economics and politics of aging. S. ”59 Given dire predictions about the future, some would have us turn back the clock and shift more responsibility for old age to individuals and their families.
A kind of “voodoo demographics” has developed that raises the specter of an intolerable economic burden arising from growing numbers of older people— resulting in the emergence of intergenerational conflict. Most of these dire predictions rely heavily (often exclusively) on “dependency ratio” statistics. Dependency ratios crudely measure the ratio of working age individuals to those people in the population, of any age, who are not working. Dependency ratios are useful for indicating changes in the age composition of the population over time.
Dependency measures need to take that reality into account. 29 Economic Growth and Population Change. This brings us to the matter of economic growth. Most important of all is the fact that nearly all reported dependency ratios fail to take account of economic growth—growth that will lower the support “burden” associated with rising aged dependency. For example, look at how our national economic output has been changing over time. In 1964, the parents of the baby boomers enjoyed a per capita GDP of $12,195.
Aging Nation: The Economics and Politics of Growing Older in America by James H. Schulz