Why boomers don't spell bust.(dependency and entitlements of baby boomers)

The economy has greater resources to handle the needs of a large number of baby boomers who were born between 1946 and 1964. A comparison of the ratio of dependent people and working people shows that the dependency ratio of baby boomers is less than that of the aged people in the 1950s and 1960s. W...

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Bibliographic Details
Published in:The American prospect 1997-01 (30), p.68-71
Main Author: Leone, Richard C
Format: Magazinearticle
Language:English
Subjects:
Aged
Baby boom generation
Baby boomers
Consumption
Cost control
Economic forecasts
Economic growth
Elderly
Evaluation
Families & family life
Functional assessment
GDP
Generation X
Gross Domestic Product
Health risk assessment
Medicare
Older people
Parents & parenting
Per capita
Population
Social aspects
Social policy
Social Security
Sociodemographic Factors
Taxation
United States of America
World War II
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Summary:The economy has greater resources to handle the needs of a large number of baby boomers who were born between 1946 and 1964. A comparison of the ratio of dependent people and working people shows that the dependency ratio of baby boomers is less than that of the aged people in the 1950s and 1960s. While the average life expectancy has improved, the economy continues to grow. Therefore, a social safety net for old age is a necessary item of social welfare. The policymakers should also retain basic entitlements for the the poor despite huge budget deficits.
ISSN:1049-7285