[PDF] The Coming Generational Storm: What You Need to Know about America's Economic Future

ISBN: 0262112868

Category: Tutorial


Posted on 2017-10-28, by luongquocchinh.

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Author: Laurence J. Kotlikoff | Publisher: The MIT Press | Category: Economy | Language: English | Page: 274 | ISBN: 0262112868 | ISBN13: 9780262112864 |

Description: 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.

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