Record ID | marc_marygrove/marygrovecollegelibrary.full.D20191108.T213022.internetarchive2nd_REPACK.mrc:154617077:7246 |
Source | Marygrove College |
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LEADER: 07246cam a22011894a 4500
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049 $aMAIN
100 1 $aKotlikoff, Laurence J.
245 14 $aThe coming generational storm :$bwhat you need to know about America's economic future /$cLaurence J. Kotlikoff and Scott Burns.
246 30 $aAmerica's economic future
260 $aCambridge, Mass. :$bMIT Press,$c©2004.
300 $axix, 274 pages :$billustrations ;$c24 cm
336 $atext$btxt$2rdacontent
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504 $aIncludes bibliographical references (pages 249-260) and index.
505 0 $aFrom 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.
520 1 $a"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 America handle this demographic overload? 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 current administration is heading straight into the coming generational storm." "But don't panic. To solve a problem you must first understand it. Kotlikoff and Burns take us on a guided tour of our generational imbalance, first introducing us to the baby boomers - their long retirement years and "the protracted delay in their departure to the next world." Then 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." "So how can the United States avoid this demographic/fiscal collision? Kotlikoff and Burns propose bold new policies, including meaningful reforms of Social Security and Medicare. Their proposals are simple, straightforward, and geared to attract support from both political parties. But just in case our elected officials won't take the political risk to chart a new direction, Kotlikoff and Burns also offer a "life jacket"--Guidelines for individuals to protect their financial health and retirement."--Jacket.
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650 0 $aAge distribution (Demography)$xEconomic aspects$zUnited States.
650 0 $aBaby boom generation$zUnited States.
650 0 $aAging$xEconomic aspects$zUnited States.
650 0 $aOlder people$xGovernment policy$zUnited States.
650 0 $aRetirement income$zUnited States$xPlanning.
650 0 $aPopulation forecasting$zUnited States.
650 0 $aEconomic forecasting$zUnited States.
650 7 $aPrévisions économiques.$2eclas
650 7 $aPrévisions de population.$2eclas
650 7 $aDémographie.$2eclas
650 7 $aAspects économiques.$2eclas
651 7 $aEtats-Unis d'Amérique.$2eclas
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700 1 $aBurns, Scott.
856 41 $3ebrary$uhttp://site.ebrary.com/id/10225294
856 41 $3Table of contents$uhttp://catdir.loc.gov/catdir/toc/fy044/2003069121.html
856 41 $uhttp://site.ebrary.com/lib/stanford/Doc?id=10225294$xeLoaderURL$xeb4$xebebr10225294$zAvailable to Stanford-affiliated users at
880 $6500-00/$1$a其他题名:What You Need to Know about America's Economic Future.
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