The “Generational Equity” supporters reject our current system which requires the younger generations (X and Y) to support the baby boomers, and Z will support GenX and Y, and so on
GERO 365 PCHealth & Medical Baby Boomer Retirement Discussion
I found Reading 37 on pages 353-356 fascinating.
The reading discusses the two schools of thought on entitlements (Medicare and Social Security) In other words, as a nation, can we ensure that federal funding is fair and balanced, and doesn’t favor one group (the elderly) over other groups (children)? The “Generational Equity” supporters reject our current system which requires the younger generations (X and Y) to support the baby boomers, and Z will support GenX and Y, and so on. “Generational Interdependence” supports our current system, and furthermore believes that it is unrealistic, based on demographic, economic and other factors that impact generations differently, to expect each generation to take care of itself.
This topic is indeed complicated, and would be well suited as a research paper topic. However, being that this is an Intro class, and a topic that is critically important for the elderly who depend on federal programs for their financial well-being, I simply want to introduce you to this economic issue, and get your initial reactions.
How do you feel about your generation having to fund baby boomer retirement? Is your initial reaction to lean towards “Generational Equity” or “Generational Interdependence”?
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