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Coming Generational Storm : What You Need to Know about America's Economic Future by Scott Burns and Laurence J. Kotlikoff (2005, Trade Paperback)
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About this product
Product Identifiers
PublisherMIT Press
ISBN-100262612089
ISBN-139780262612081
eBay Product ID (ePID)44169030
Product Key Features
Book TitleComing Generational Storm : What You Need to Know about America's Economic Future
Number of Pages328 Pages
LanguageEnglish
Publication Year2005
TopicEconomic Conditions, Economics / General, Public Policy / Economic Policy, Personal Finance / General
IllustratorYes
GenrePolitical Science, Business & Economics
AuthorScott Burns, Laurence J. Kotlikoff
FormatTrade Paperback
Dimensions
Item Height0.7 in
Item Weight14.9 Oz
Item Length8.9 in
Item Width6.4 in
Additional Product Features
Intended AudienceTrade
LCCN2005-271344
TitleLeadingThe
Dewey Edition22
Reviews"Having painted a fiscal picture as awful as 'Guernica,' the authors unveil two bold plans....[An] engaging book." Todd G. Buchholz The Wall Street Journal, This is a sobering look at an impending crisis with implications for all of us. Recommended for all collections., "This is a sobering look at an impending crisis with implications for all of us.Recommended for all collections." Stacey Marien LibraryJournal, " The Coming Generational Storm ...lays out in easy-to-understand prose why Social Security and Medicare need a comprehensive overhaul." Gregory D. Hess Los Angeles Times, "The Coming Generational Stormlays out the problems in understandable language and compelling detail." - The Washington Post, Having painted a fiscal picture as awful as 'Guernica,' the authors unveil two bold plans...[An] engaging book., "This is a sobering look at an impending crisis with implications for all of us. Recommended for all collections." Stacey Marien Library Journal, ...filled with advice on protecting what you've got and making it grow before and during retirement., "The policy solutions of Kotlikoff and Burns are specific and ingenious...." Michael Mandel Business Week, "... Filled with advice on protecting what you've got and making it grow before andduring retirement." Chris Tucker Dallas MorningNews, The Coming Generational Storm lays out the problems in understandable language and compelling detail., "...[A] serious attempt to look at a problem that most people are trying to ignore." Alan Beattie Financial Times, "... Filled with advice on protecting what you've got and making it grow before and during retirement." Chris Tucker Dallas Morning News, " The Coming Generational Storm lays out the problems inunderstandable language and compelling detail." The Washington Post, "...Filled with advice on protecting what you've got and making it grow before and during retirement." Chris Tucker Dallas Morning News, "...Filled with advice on protecting what you've got and making it grow before andduring retirement." Chris Tucker Dallas MorningNews, " The Coming Generational Storm lays out the problems in understandable language and compelling detail." The Washington Post, " The Coming Generational Storm ...lays out in easy-to-understandprose why Social Security and Medicare need a comprehensive overhaul." Gregory D. Hess Los Angeles Times, "The policy solutions of Kotlikoff and Burns are specific and ingenious..." Michael Mandel Business Week, "...Kotlikoff and Burns proffer plenty of evidence to back up their claims." Anne Wagner National Journal, "Having painted a fiscal picture as awful as 'Guernica,' the authors unveil two boldplans....[An] engaging book." Todd G. Buchholz The Wall StreetJournal, The Coming Generational Storm ...lays out in easy-to-understand prose why Social Security and Medicare need a comprehensive overhaul.
Grade FromCollege Graduate Student
Dewey Decimal342.73085
SynopsisHow to avoid a fiscal crisis in the next generation -- and how to protect yourself if the government acts too late: policy recommendations and individual strategies to protect against skyrocketing tax rates, drastically reduced health and retirement benefits, high inflation, and a ruined currency. 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 politicians 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. This paperback edition of The Coming Generational Storm has been revised and updated and includes a new foreword by the authors., How to avoid a fiscal crisis in the next generation-- and how to protect yourself if the government acts too late: policy recommendations and individual strategies to protect against skyrocketing tax rates, drastically reduced health and retirement benefits, high inflation, and a ruined currency. 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 politicians 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. This paperback edition of The Coming Generational Storm has been revised and updated and includes a new foreword by the authors., Kotlikoff and Burns (MIT '62) show how to avoid a fiscal crisis in the next generation -- and how to protect yourself if the government acts too late: policy recommendations and individual strategies to protect against skyrocketing tax rates, drastically reduced health and retirement benefits, high inflation, and a ruined currency., How to avoid a fiscal crisis in the next generation-- and how to protect yourself if the government acts too late: policy recommendations and individual strategies to protect against skyrocketing tax rates, drastically reduced health and retirement benefits, high inflation, and a ruined currency. 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 politicians 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. This paperback edition of The Coming Generational Storm has been revised and updated and includes a new foreword by the authors.
LC Classification NumberHB3505.K68 2005
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