Working Paper No . 365 Is There an American Way of Aging ? : Income Dynamics of the Elderly in the U . S . and Germany
نویسنده
چکیده
If you were to ask the person in the street the question of what happens to the economic well-being of the elderly as they age you would probably receive one of two answers. The first group would answer that the retirement years are a period of leisure as a reward for years of hard work. Retired people can enjoy their hobbies, or travel to exotic places. These people would point out that the U.S. elderly are fairly well off compared to other demographic groups such as children. For example, in 1999 the U.S. poverty rate for persons 65 years or older was 9.7 percent compared to a poverty rate of 16.9 percent for children under 18 years of age. The poverty rate for the elderly is essentially the same as that for working age persons (i.e., between the ages of 18 and 64).
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تاریخ انتشار 2002