from the Urban Institute:
Who cares for the elderly and at what cost concern policymakers and
laypeople alike, for the Census Bureau predicts that more than 20
percent of the U.S. population will be older than 65 by 2050, compared
to just 12 percent in 2000. Intergenerational Caregiving, a
new book from the Urban Institute Press, reveals how social, cultural,
demographic, and financial circumstances shape care and support
arrangements for Americans as they age, as well as for family members
of all ages facing disability and special needs.
Who cares for the elderly and at what cost concern policymakers and
laypeople alike, for the Census Bureau predicts that more than 20
percent of the U.S. population will be older than 65 by 2050, compared
to just 12 percent in 2000. Intergenerational Caregiving, a
new book from the Urban Institute Press, reveals how social, cultural,
demographic, and financial circumstances shape care and support
arrangements for Americans as they age, as well as for family members
of all ages facing disability and special needs.
Editors Alan Booth, Ann C. Crouter, Suzanne M. Bianchi, and Judith
A. Seltzer collect the insights of more than a dozen economists and
sociologists, whose detailed essays highlight the issues that
legislators, program managers, and advocates must consider as America
grays. The book cites evidence that the advent of Social Security in
the 20th century improved the financial position of the elderly, whose
higher retirement incomes led to a sharp decline in the proportion of
aged parents living with their adult children. Income and housing
decisions likely would change again if, as one author speculates,
future adjustments to Social Security shrink benefits for retirees or
raise taxes on their adult children.
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