What You Need to Know About the Economics of Growing Old (But Were Afraid to Ask)

by Teresa Ghilarducci (Notre Dame Press)

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The Notre Dame economist, who is one of the nation’s leading experts on pensions, analyzes the economic and physical status of the elderly, the structure of the Social Security system, elderly labor force participation and the lifetime economic path. As the life expectancy of the elderly continues to rise, the book notes, a heavier burden falls on Social Security and on the seniors’ own savings. The lessons here often are pointed at the young, who may face a large gap between their spending habits in old age and the money available to them. The professor’s Economics of Aging class helped compile the book.

(February 2005)