Chapter Outline

Aging Policy and the Economy
Generational Differences in Income and Wealth

The Improving Economic Status of the Aged
Today's Older Generation
The Aging of the Baby Boomers

Restructuring the Welfare State

The Status of Social Security
Restoring the Trust Fund
Means-Testing
Privatization

Private Sources of Income in Old Age

Employer Pensions
Personal Savings
Boxed features
Diversity in the Aging Experience: Racial Disparities in Income and Wealth
Aging Around the World: The Means-Tested Old-Age Pension in Australia
An Issue for Public Policy: Evaluating Privatization Proposals

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