Translating high quality research specific to better design and building practice

Research Library

The HMinfo Research Library contains an in-depth collection of materials on home modifications and related subjects.

The Research Library does not lend books and other items. Under special circumstances, requests to use the library may be made by emailing .

Library Search


Economic and Financial Implications of the Aging Phenomenon

Proceedings of the American Philosophical Society

Author: McGill, D. M.
Type: Journal Article
Year: 1988


From an economic perspective, the aging of the U.S. population raises some fundamental questions concerning whether the elderly, & the rest of the population, will have sufficient financial claims against the economy's future output of goods & services to satisfy their basic needs & maintain a decent standard of living. The major sources of financial support for the aged are described-social security, employer-sponsored asset accumulation plans, & personal savings-& their future contributions are assessed. Disparities in intergenerational consumption are identified, & suggestions for equalizing these are offered. It is concluded that, with the exception of the "old old" & certain special groups, the current generation of elderly are reasonably well off in financial terms, & there is no reason to be unduly concerned about their plight for at least the next fifty years.

Further Details

Pages: 154-171
Volume: 132
Issue: 2
Accession Number: 23.5.03
Keywords: North America, older, security
Reads: 197