From strollers to walkers -- Truth is worse than fiction -- Driving in LA with a map of New York -- Popular tonics, snake oils, and other easy fixes -- Going critical -- Changing course -- Grab your life jacket -- Securing your future

How to avoid a fiscal crisis in the next generation-- and how to protect yourself if the government acts too late: policy recommendations and individual strategies to protect against skyrocketing tax rates, drastically reduced health and retirement benefits, high inflation, and a ruined currency.

This study uses Fehr, Jokisch, and Kotlikoff's (2004a) dynamic general equilibrium model to analyze the effects of changes in fertility and mortality on the developed world's demographic transition. The model features three regions – the U.S., Japan, and the EU-15 – and incorporates age- and...