July 2008
Intermediate to advanced
288 pages
4h 17m
English
Content preview from The Age Curve: How to Profit from the Coming Demographic Storm
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Social Security Is a Ponzi Scheme
Even people who can’t count know that Social Security won’t feed the Boomers. Boomers have not allowed for their own retirement by saving as their parents did. Instead, they have lived off of their parents’ savings, which they will continue to inherit.
But what happens when that’s gone? The last of the Boomers’ parents, those eighty-five-plus-year-olds of the GI Generation, are dying. There are about five million of them left out of a group of about sixty million born between 1905 and 1924.
This last five million is a hardy bunch, living well past the average age when we are supposed to die (seventy-two for men, seventy-six for women). Why are they so resilient? It might have something to do with the fact that ...