| Physical description |
1 online resource (xix, 274 pages) : illustrations |
| Bibliography |
Includes bibliographical references (pages 249-260) and index. |
| Contents |
From strollers to walkers -- Truth is worse than fiction -- Driving in LA with a map of New York -- Popular tonics, snake oils, and other easy fixes -- Going critical -- Changing course -- Grab your life jacket -- Securing your future. |
| Summary |
This paperback edition of The Coming Generational Storm has been revised and updated and includes a new foreword by the authors. In 2030, as 77 million baby boomers hobble into old age, walkers will outnumber strollers; there will be twice as many retirees as there are today but only 18 percent more workers. How will Social Security and Medicare function with fewer working taxpayers to support these programs? According to Laurence Kotlikoff and Scott Burns, if our government continues on the course it has set, we'll see skyrocketing tax rates, drastically lower retirement and health benefits, high inflation, a rapidly depreciating dollar, unemployment, and political instability. The government has lost its compass, say Kotlikoff and Burns, and the Bush administration's spending and tax policies have charted a course straight into the coming generational storm. Kotlikoff and Burns take us on a guided tour of our generational imbalance: There's the "fiscal child abuse" that will double the taxes paid by the next generation. There's also the "deficit delusion" of the under-reported national debt. And none of this, they say, will be solved by any of the popularly touted remedies: cutting taxes, technological progress, immigration, foreign investment, or the elimination of wasteful government spending. Kotlikoff and Burns propose bold new policies, including meaningful reforms of Social Security and Medicare, that are simple, straightforward, and geared to attract support from both political parties |
| Other author |
Burns, Scott.
|
| Subject |
Age distribution (Demography) -- Economic aspects -- United States.
|
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Baby boom generation -- United States.
|
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Aging -- Economic aspects -- United States.
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Older people -- Government policy -- United States.
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Retirement income -- United States -- Planning.
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Population forecasting -- United States.
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Economic forecasting -- United States.
|
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United States -- Population -- Economic aspects.
|
| Variant Title |
America's economic future |
| ISBN |
9780262277518 (electronic bk.) |
|
0262277514 (electronic bk.) |
|
1417501537 (electronic bk.) |
|
9781417501533 (electronic bk.) |
|
1417581913 |
|
9781417581917 |
|
9780262112864 |
|
0262112868 |
|
0262612089 (pbk.) |
|
9780262612081 (pbk.) |
|
