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The Road Ahead: The Graying of America and its Implications for Finance and the Economy

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  • Roger W Ferguson Jr

Abstract

The population of the United States is aging, putting unsustainable strains on Social Security, Medicare, and Medicaid. These programs must be reformed, but there will also be increased pressure on individuals to save more and work longer if they are to enjoy a healthy retirement. Moreover, individuals must become much more sophisticated about the financial aspects of retirement in order to make wise choices. That said, the United States has many good options for successfully coping with the challenges of aging, but it is imperative that we act now.

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  • Roger W Ferguson Jr, 2013. "The Road Ahead: The Graying of America and its Implications for Finance and the Economy," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 48(2), pages 108-112, April.
  • Handle: RePEc:pal:buseco:v:48:y:2013:i:2:p:108-112
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    Cited by:

    1. Andy Sharma, 2015. "Divorce/Separation in Later-Life: A Fixed Effects Analysis of Economic Well-Being by Gender," Journal of Family and Economic Issues, Springer, vol. 36(2), pages 299-306, June.

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