By James H. Schulz
With the approaching retirement of a few seventy six million child Boomers, figuring out the commercial, political, and social matters relating to the getting older inhabitants is paramount. If the doom-and-gloomers have their approach, the aged might be positioned out to pasture, with insufficient overall healthiness care and monetary assets, and a crumbling social welfare process. In getting older country, renowed specialists within the box, James Schulz and Robert Binstock, agree that there's massive reason for hindrance, yet with a number of sound rules and courses in position and shrewdpermanent person offerings, the aged can prosper, and a demographic tsunami isn't really inevitable. Drawing from the most up-tp-date facts, the authors supply in-depth research of the nation's evolving inner most and public regulations on retirement, faltering company pensions, well-being care, place of work stipulations, and entitlement courses, and examine such well timed concerns as poverty one of the aged, rejoining the team after retirement, Social safety and well-being 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 finished and balanced evaluate of the problems and their influence on every person, previous and young.Deserving bad or grasping geezers? the controversy rages on. In a interval of massive executive deficits and the upcoming retirement of a few seventy six million child Boomers, realizing the industrial, political, and social concerns with regards to the getting older inhabitants is paramount. The coverage debates have by no means been extra contentious; they vary from figuring out who may still obtain constrained sponsored housing and scientific providers to the continued conflict over saving Social defense and different entitlement courses. If the doom-and-gloomers have their means, the aged should be placed out to pasture, with insufficient wellbeing and fitness care and fiscal assets, and a crumbling social welfare infrastructure that may implode below the stress of intergenerational clash. This booklet debunks so much getting older crises placed forth through retailers of doom and provides a brand new coverage concentration for our nation.In getting older kingdom, well known specialists within the box, James Schulz and Robert Binstock, agree that there's substantial reason for drawback, yet with a number of sound regulations and courses in position and shrewdpermanent 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 guidelines on retirement, faltering corporation pensions, wellbeing and fitness care, place of work stipulations, and entitlement courses, and examine such well timed matters as poverty one of the aged, rejoining the team after retirement, Social protection 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 by means of politicians and pundits alike, they supply a finished and balanced overview of those matters and their impression on each person, young and old.
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Extra info for Aging Nation: The Economics and Politics of Growing Older in America
Analyzing economic data over the past 100 years for the United States and ten European countries, he finds a generally consistent inverse relationship between trends in economic growth and population growth—that is, economic growth has generally risen at the same time that population growth was falling. ”31 This is a very important conclusion, one that warrants more detailed examination. In the next section we look at the factors important for economic growth and the small role that Social Security and population aging play in the process.
As we have discussed above, there may be a generally offsetting demographic decline in the number of children as the number of older people increases. But what does that mean in economic terms? Is the amount of the economic resources consumed in a year the same for babies as for old people? For preschoolers? For teenagers? For college students? For mothers at home with their children? Obviously not. Individuals consume (use up economic resources) at different rates at different stages of the life cycle.
It is appropriate, therefore, to consider whether the many years of leisure now enjoyed by retirees today should be reduced for workers of the future. Raising the retirement age is a major component in most reform proposals seeking to deal with the economic issues related to our aging population structure. “Put the elderly back to work” is likely to be one of the rallying cries of the future. In Chapter 7, we explain why these policies are not likely to work. In Chapter 9, we discuss the concern many people have that as older persons become a significantly larger proportion of the population, their growing political power will skew decision making and selfishly direct economic resources in their favor.
Aging Nation: The Economics and Politics of Growing Older in America by James H. Schulz