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Social security has proven to be one of the most successful programs in the United States. No other program has done more to transform old age or to protect family incomes against economic risks arising from the disability or death of a working family member. Polls consistently show strong support for Social Security, but these same polls also show that the public, especially the young, is skeptical about whether Social Security will be able to meet its obligations. The program's harshest opponents call it a "Ponzi scheme." Arguing that the young will be left "holding the bag," they call for...

As the ranks of the elderly continue to swell and their social welfare becomes a complex and contentious policy issue, how will the United States balance the conflicting demographic and economic demands of providing for its older citizens--especially in light of the anticipated economic burden of the baby boom generation's impending retirement? These problems place the destiny of Social Security and health care at the epicenter of political discussion and debate, making a balanced perspective on these issues essential--particularly as the lives of millions of future Americans will be...