The Coming Generational Storm: What You Need to Know about America's Economic Future

Front Cover
MIT Press, Jan 1, 2005 - Business & Economics - 276 pages
24 Reviews

This paperback edition of The Coming Generational Storm has been revised and updated and includes a new foreword by the authors. In 2030, as 77 million baby boomers hobble into old age, walkers will outnumber strollers; there will be twice as many retirees as there are today but only 18 percent more workers. How will Social Security and Medicare function with fewer working taxpayers to support these programs? According to Laurence Kotlikoff and Scott Burns, if our government continues on the course it has set, we'll see skyrocketing tax rates, drastically lower retirement and health benefits, high inflation, a rapidly depreciating dollar, unemployment, and political instability. The government has lost its compass, say Kotlikoff and Burns, and the Bush administration's spending and tax policies have charted a course straight into the coming generational storm.Kotlikoff and Burns take us on a guided tour of our generational imbalance: There's the "fiscal child abuse" that will double the taxes paid by the next generation. There's also the "deficit delusion" of the under-reported national debt. And none of this, they say, will be solved by any of the popularly touted remedies: cutting taxes, technological progress, immigration, foreign investment, or the elimination of wasteful government spending. Kotlikoff and Burns propose bold new policies, including meaningful reforms of Social Security and Medicare, that are simple, straightforward, and geared to attract support from both political parties.

  

What people are saying - Write a review

User ratings

5 stars
2
4 stars
12
3 stars
7
2 stars
2
1 star
1

Review: The Coming Generational Storm: What You Need to Know about America's Economic Future

User Review  - Alexis - Goodreads

7: i disagree with some of their analysis but still very interesting and important topics discussed in a smart way. Read full review

Review: The Coming Generational Storm: What You Need to Know about America's Economic Future

User Review  - Robert Wechsler - Goodreads

The tone of the book is too pop-annoying and the arguments overblown, but the information is valuable. It certainly showed how irresponsible our elected federal officials are in failing to show the ... Read full review

Related books

Contents

From Strollers to Walkers
1
Truth Is Worse Than Fiction
41
Driving in LA with a Map of New York
73
Popular Tonics Snake Oils and Other Easy Fixes
87
Going Critical
121
Changing Course
143
Grab Your Life Jacket
173
Securing Your Future
193
Epilogue
243
Notes
249
Index
263
Copyright

Common terms and phrases

References to this book

All Book Search results »

References from web pages

The Coming Generational Storm
Focus. Take-Aways. Rating. (10 is best). Overall. Applicability. Innovation. Style. To purchase individual Abstracts, personal subscriptions or corporate ...
www.economist.com/ media/ globalexecutive/ coming_gen_storm_e_02.pdf

Safe Haven | The Coming Generational Storm
A financial information site with an emphasis on Gold and Preservation of Capital. A large archive is maintained
www.safehaven.com/ article-1416.htm

The Coming Generational Storm: What You Need to Know about ...
The Coming Generational Storm: What You Need to Know about America’s. Economic Future by Laurence J. Kotlikoff and Scott Burns, The MIT ...
journals.cambridge.org/ production/ action/ cjoGetFulltext?fulltextid=300877

MIT World » : The Coming Generational Storm: What You Need to Know ...
The Coming Generational Storm: What You Need to Know about America’s Economic Future Laurence J. Kotlikoff A word of advice to baby boomers: be very kind to ...
mitworld.mit.edu/ video/ 202/

Laurence J. Kotlikoff and Scott Burns: The Coming Generational ...
Laurence J. Kotlikoff and Scott Burns: The Coming Generational Storm What You Need to Know about America's Economic Future.
www.questia.com/ PM.qst?a=o& se=gglsc& d=5008366256

The Coming Generational Storm
1. The Coming Generational Storm. by. Laurence J. Kotlikoff. Professor of Economics, Boston University. Research Associate, The National Bureau of Economic ...
web.bu.edu/ econ/ workingpapers/ papers/ Laurence%20J.%20Kotlikoff/ GenerationalStorm.pdf

The Coming Generational Storm: What You Need to Know about ...
©2004, Association for Financial Counseling and Planning Education. All rights of reproduction in any form reserved. 87. The Coming Generational Storm: ...
www.afcpe.org/ doc/ Vol151B3.pdf

JSTOR: The Coming Generational Storm: What You Need to Know about ...
PDR 30(4) 763 LAURENCE J. KOTLIKOFF AND scott BURNS The Coming Generational Storm: What You Need to Know about America's Economic Future Cambridge, ...
links.jstor.org/ sici?sici=0098-7921(200412)30%3A4%3C763%3ATCGSWY%3E2.0.CO%3B2-5

The Coming Generational Storm - Wikipedia, the free encyclopedia
Laurence J. Kotlikoff and Scott Burns authored the book entitled The Coming Generational Storm: What You Need to Know about America's Economic Future (2004) ...
en.wikipedia.org/ wiki/ The_Coming_Generational_Storm

Thoughts from the Frontline
The Coming Generational Storm. April 2, 2004 By John Mauldin. The Coming Generational Storm. Personal Security Accounts ...
www.2000wave.com/ article.asp?id=mwo040204

About the author (2005)

Dallas Morning News personal finance columnist Scott Burns is nationally syndicated by Universal Press. His column can be read on the Web at www.scottburns.com and on MSN's MoneyCentral, one of the three largest financial Web sites.

Bibliographic information