Reddit reviews The Coming Generational Storm: What You Need to Know about America's Economic Future
We found 3 Reddit comments about The Coming Generational Storm: What You Need to Know about America's Economic Future. Here are the top ones, ranked by their Reddit score.
Book by the same economist who wrote that article
I don't dispute that Social Security can be fixed. I solidly agree with you there. It's a problem but can be fixed.
Medicare, however, cannot be fixed by any realistic plan. It's five times as large as the Social Security problem using even the most charitable expectations about health care inflation (i.e. assuming medical expenses will increase a couple percentage points less than general inflation).
I highly recommend this book:
http://www.amazon.com/Coming-Generational-Storm-Americas-Economic/dp/0262112868
It's useful because it's completely non-partisan, written by one of the best economists in the area (not a nut with an axe to grind), discusses things in depth, and ends with ways to protect yourself.
If you think it's bad now, just wait until 77 million Baby Boomers retire by 2030. By 2050 the number of elderly will outnumber children in the United States for the first time.
This country is so beyond fucked with its entailment obligations that the current cuts to government services and spending will look like Disneyland compared to what will come.
Reading that everyone under the age of 40 should care about:
>The Coming Generational Storm: What You Need to Know about America's Economic Future
http://www.amazon.com/Coming-Generational-Storm-Americas-Economic/dp/0262112868