Updates and expands the assessment of the long-term budgetary outlook, addressing such issues as the collapse of the congressional budgetary process and the threat posed by the termination of discretionary spending caps. Concludes with a look at how the nation's deficit will affect America now...

Examines effects of the 2008-09 financial downturn on all workers with particular attention to low-income older workers who stand to suffer the most, often retiring early because of lack of work; discusses the real effects of the stock market decline, falling house prices, and stagnant job...