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Books > Social sciences > Sociology, social studies > Social welfare & social services > Welfare & benefit systems
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A New Deal for Old Age - Toward a Progressive Retirement (Hardcover)
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A New Deal for Old Age - Toward a Progressive Retirement (Hardcover)
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As America's haves and have-nots drift further apart, rising
inequality has undermined one of the nation's proudest social
achievements: the Social Security retirement system. Unprecedented
changes in longevity, marriage, and the workplace have made the
experience of old age increasingly unequal. For educated Americans,
the traditional retirement age of 65 now represents late middle
age. These lucky ones typically do not face serious impediments to
employment or health until their mid-70s or even later. By
contrast, many poorly educated earners confront obstacles of early
disability, limited job opportunities, and unemployment before they
reach age 65. America's system for managing retirement is badly out
of step with these realities. Enacted in the 1930s, Social Security
reflects a time when most workers were men who held steady jobs
until retirement at 65 and remained married for life. The program
promised a dignified old age for rich and poor alike, but today
that egalitarian promise is failing. Anne L. Alstott makes the case
for a progressive program that would permit all Americans to retire
between 62 and 76 but would provide more generous early retirement
benefits for workers with low wages or physically demanding jobs.
She also proposes a more equitable version of the outdated spousal
benefit and a new phased retirement option to permit workers to
transition out of the workforce gradually. A New Deal for Old Age
offers a pragmatic and principled agenda for renewing America's
most successful and popular social welfare program.
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