Social Security, Medicare and the nest-egg myth - latimes.com: "...This image of prosperous geezers and crones is just not accurate. The notion of an aging population well prepared to take care of itself — not only in its relatively healthy 60s and 70s, classified by sociologists as the 'young old,' but throughout the 'old old' 80s and 90s — is a delusion that threatens to undo 75 years of social progress that began when President Franklin D. Roosevelt signed the Social Security Act in 1935..."
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