By Robert B. Hudson
Seventy-six million child Boomers are careening towards retirement within the usa. Demographic shifts towards getting older populations are occurring round the Western global, as a number of factors―biological, technological, scientific, and sociocultural―are extending existence spans. in the meantime, beginning premiums are declining. The scaremongers argue that this generational shift goes to be disastrous: it is going to lead to skyrocketing tax premiums, decrease retirement and well-being merits, better inflation, elevated unemployment and poverty, political instability, and a number of alternative societal ills. yet will it? In Boomer Bust?, Robert Hudson assembles prime authors from fields equivalent to economics, political technology, and finance to split truth from fiction, spotlight the phrases of discussion, and show off cutting edge regulations that would hinder catastrophe from occurring.
From issues like Social defense to older humans rejoining the crew to the aged as a political foyer, this two-volume set covers the gamut of financial, political, monetary, and company matters concerning getting older. The Boomer iteration will depart one of many greatest footprints the area has but noticeable. In retirement, as in all else, this new release is blazing a course affecting succeeding generations profoundly. Boomer Bust? charts a direction during the thicket of private and public coverage offerings dealing with not only child Boomers yet all of society.
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Extra info for Boomer Bust?: Economic and Political Issues of the Graying Society (2 Volumes)
NBER Working Paper No. 11,668. Washington, DC: NBER. Fisher, E. , D. E. Wennberg, T. A. Stukel, D. J. Gottlieb, F. L. Lucas, and E. L. Pinder. 2003. The implications of regional variations in Medicare spending: Health outcomes and satisfaction with care. Annals of Internal Medicine 138:288–98. , and S. Prusiner. 2007. Health, Science, and Wealth. New York: International Longevity Center. pdf. , R. , and N. Dietz. 2007. Keeping baby boomers volunteering: A research brief on volunteer retention and turnover.
In contrast, individuals who were aged 42–60 in 1980, roughly the cohort representing boomer parents, were less educated on average, with only 65 percent having completed high school and 14 percent having college TABLE 2-2. Socioeconomic Investments by Race, Ethnicity, Gender, and Cohort: Boomers in 2006 Compared to Same-Aged Persons in 1980 Group Non-Hispanic: White African American Asian Hispanic/Latino All men All women Total Percentage with at least a high school diploma Percentage with at least a college degree Percentage owning a home Aged 42–60 in 2006 Aged 42–60 in 1980 Aged 42–60 in 2006 Aged 42–60 in 1980 Aged 42–60 in 2006 Aged 42–60 in 1980 93% 84% 85% 61% 87% 89% 88% 69% 43% 73% 36% 65% 66% 65% 32% 19% 46% 14% 30% 28% 29% 15% 7% 27% 7% 19% 10% 14% 77% 49% 64% 52% 70% 71% 71% 81% 57% 65% 57% 78% 77% 77% Note: Race and ethnic categorizations used in this table were made consistent between 1980 and 2006 by using the bridged race classification provided in the IPUMS.
Considering the implications of this diversity, then, our attention is drawn not only to factors related to race and ethnicity but also to issues relating to immigration. With the already high levels of first-generation immigrants residing in the United States and the increasing inflows expected in the 42 PERSPECTIVES ON THE BOOMERS future, understanding the economic and health issues of boomer immigrants takes on added significance, especially given changes to federal and state policy related to public support for older immigrants (Angel 2003).
Boomer Bust?: Economic and Political Issues of the Graying Society (2 Volumes) by Robert B. Hudson