Will America Grow up Before it Grows Old: How the Coming Social Security Crisis Threatens You, Your Family, and Your Country
Language: English
Published by Random House, 1996
- Hardcover
- Used
Seller: Bay State Book Company, North Smithfield, RI, U.S.A.Bay State Book Company
AbeBooks seller since January 23, 2023
Condition: Used - Very good
£ 4.15
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- Title
- Will America Grow up Before it Grows Old: How the Coming Social Security Crisis Threatens You, Your Family, and Your Country
- Author
- Peterson, Peter G.
- Publisher
- Random House
- Publication year
- 1996
- Condition
- very_good
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0679452567
- ISBN 13
- 9780679452560
When the 76 million members of the Baby Boom generation - the largest generation in our history - begin to retire in less than fifteen years, one American in five will be 65 years of age or older. This aging population - double today's load - will depend on as few as 1.6 working Americans to support each retired person. Who will support this nation of Floridas?
In this short, powerful book, Peter G. Peterson, one of America's top investment bankers and a leading critic of our entitlement policy, spells out in the clearest possible language, with unmistakable numbers and easy-to-read charts, the disaster that lies ahead if we continue to ignore our low savings rate, our ballooning federal deficit, and our enormous unfunded and unsustainable commitments to retirees. Peterson reveals what politicians are afraid to admit: trillions of dollars of promised Social Security and Medicare benefits for which no funds have been provided.
Shattering the myths surrounding this subject with hard facts and eye-opening views of the future, Peterson gives the most comprehensive and candid plan for a gradual, humane, fair, and realistic answer to the greatest challenge of the next century: transforming our political, economic, cultural, and social assumptions to adapt to the realities of the graying of America.
"Synopsis" may belong to another edition of this title.
About the Author
Peter G. Peterson is Chairman of The Blackstone Group, a private investment bank, Director of the Federal Reserve Bank of New York, Chairman of the Council on Foreign Relations, Chairman of the Institute for International Economics, Director of the National Bureau of Economic Research, and Founding President of the Concord Coalition, a bi-partisan citizen group dedicated to building a constituency for fiscal responsibility. A former Secretary of Commerce under President Nixon, Mr. Peterson has advised four presidents. Most recently, he served on President Clinton's Bipartisan Commission on Entitlement and Tax Reform.
Chairman and CEO of Lehman Brothers from 1973 to 1984, he is the author of Facing Up: How to Rescue the Economy from Crushing Debt, which the New York Times called "a benchmark against which the
"About the title" may belong to another edition of this title.
Bay State Book Company
North Smithfield, RI, U.S.A.
AbeBooks seller since January 23, 2023
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