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

Roger W Ferguson

Business Economics, 2013, vol. 48, issue 2, 108-112

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.

Date: 2013
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