Tyranny Of The Old
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1) The document discusses unprecedented demographic changes and how they will shift power towards older generations and away from younger ones. 2) It notes trends like increasing life expectancy, declining birth rates, and higher voter participation among older age groups. 3) As a result, the elderly population will have growing influence over policies around entitlement programs like Social Security and Medicare, which will become increasingly difficult to reform due to political pressures.
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The document outlines the structure and functioning of the Social Security program, noting its role in providing income support for the elderly while facing significant financial challenges projected over the next 75 years. It discusses the redistributive nature of benefits, the effects of reforms, and the implications of an unfunded system that may lead to generational disparities. Furthermore, the document illustrates how Social Security interacts with private savings, consumption smoothing, and poverty rates among the elderly.Class 8, Part I Aging And Health Care
Class 8, Part I Aging And Health Carejcarlson1
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The document discusses three major demographic trends in the US:
1) Americans are living longer due to increased life expectancy. This is known as the "graying of America".
2) The study of aging and older people is called gerontology.
3) Differences in class, gender, and race divide older Americans into "haves" and "have-nots", with minority groups facing greater poverty and health issues.Social Welfare
Social WelfareChris Thomas
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The document discusses social welfare programs in the United States. It covers topics such as how Americans' views of government assistance for the poor have changed over time, different types of welfare programs, and debates around universal health care. The key points are:
1) Americans have historically taken a more restrictive view than other nations on who is entitled to government assistance and have been slower to embrace the welfare state.
2) There are two kinds of welfare programs - majoritarian programs like Social Security that most citizens support, and client programs like Medicaid that are means-tested and face more questions about legitimacy.
3) Debates continue around ensuring access to health care for all Americans while containing costs and not reducing the qualityDebt, Deficits, and Demographics: Why We Can Afford the Social Contract
Debt, Deficits, and Demographics: Why We Can Afford the Social ContractJesse Budlong
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The document discusses the impact of deficits, debt, and demographics on economic growth and living standards in the United States, arguing that concerns about deficits distract from more pressing issues like rising inequality. It asserts that productivity growth will significantly outweigh the negative effects of an aging population, and that deficits can actually stimulate the economy, particularly during periods of high unemployment. The author emphasizes the need to focus on long-term economic reforms, particularly in healthcare, rather than merely addressing short-term deficit concerns.Life Comes At You Fast Guest Lecture
Life Comes At You Fast Guest Lectureez4u2think
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This document discusses aging from a life course perspective. It notes that the aging population is growing rapidly, especially those aged 85 and over. This aging population impacts families, the workplace, and policy. A life course framework shows how early life experiences and opportunities influence later life outcomes, leading to cumulative disadvantages for some groups. This results in inequalities in old age related to education, income, poverty, and health that persist across generations. Reforms are needed to education, entitlement programs, and family caregiving to support the growing aging population.Ad
Tyranny Of The Old
- 1. Tyranny of the Old Colin Masterson
- 2. Unprecedented Demographic Changes Power of the few over the many Generational strife The promises How we got here What may happen?
- 3. Demographics 101 Basic population growth Birth Rate Death Rate = Population Growth Fertility Replacement Rate ~ 2.1 Age of women at first child Life expectancy
- 5. Fertility
- 6. 油
- 7. 油
- 8. Voter Participation Citizens age 65 and older had the highest registration rate (79 percent) while those age 18 to 24 had the lowest (58 percent). The youngest group also had the lowest voting rate (47 percent), while those age 45 and older had the highest turnout (about 70 percent).
- 9. Where the Electorate Power Lies Historical Trends in Elections Maximum Participation occurs at Retirement age Young are disenfranchised by choice
- 10. Benefits Largest is OASDI (Social Security) Medicare Disability Supplemental Medical Insurance Prescription Drug Benefit The Supreme Court has established that no one has any legal right to Social Security benefits. The Court decided, in Flemming v. Nestor (1960), that "entitlement to Social Security benefits is not a contractual right".
- 11. Social Security
- 12. Where Social Security is now
- 13. Where it is Going
- 14. Conclusions The Elderly Caucus have increasing influence Very difficult to roll back promises There will be 2 workers for every Retiree Pension Funds will have to be taken over by the Federal Government More Trust Funds The average annual medical bill for someone over 75 y.o. is >$12,000 It will cost too much for families to maintain a fertility rate of > 2 The cycle will get worse than currently projected