With the transformation of the elderly into the major political
force in American politics, older Americans have used their
increasing numbers and political power to capture a growing and
disproportionate share of public resources. This book explores
their emergence from obscurity to political preeminence and
considers the effect of their power on other members of society. It
traces the shift in public attitude from the 18th century to the
early 20th century, when the elderly population increased and
needed an economic safety net. It then focuses on the elderly's
growing power in the late 20th century and examines how they are
receiving an expanding share of the budget for such programs as
Social Security and Medicare at the expense of such groups as
children in poverty.
Asking the provocative question of what one generation owes
another, the author shows that as the number of elderly living in
poverty has decreased dramatically, the number of children in
poverty has skyrocketed. The book concludes by analyzing the
demographic projections of what lies ahead--a static working-age
population supporting an exploding population of retirees and a
baby boom generation that is ill-prepared for its own retirement.
For the next few years, the challenge of an aging population will
be a national problem; if unaddressed, it will become a national
crisis.
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