Word: longman
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...elderly are quick -- and correct -- to denounce the low savings rate among the young. But the growing reliance on subsidies from older generations is more a function of despair than greed, reflecting the downward mobility of millions of young families. "Inheritance looms larger by default," says Phillip Longman, author of Born to Pay: The New Politics of Aging in America. "Increasingly, the only way for the young middle class to stay in the middle class is to inherit the trappings...