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"This is the Gompertz law, in cartoon form: your body is deteriorating over time at a particular rate. When its “internal policemen” are good enough to patrol every spot that might contain a criminal 14 times a day, then you have the body of a 25-year-old and a 0.03% chance of dying this year. But by the time your police force can only patrol every spot 7 times per day, you have the body of a 95-year-old with only a 2-in-3 chance of making it through the year."
Describes historical study that found elderly generations moved out of adult child homes after 1940 (from 70% cohabitation in 1880s to 20% in 1990). This change corresponds to the start of Social Security.
commentary and my source for WSJ story on older workers
The projections show that the vast majority of families in these age cohorts will have little or no wealth by 2009 in any of these scenarios and that the cohorts just approaching retirement will have very little to support themselves in retirement other than their Social Security.
in list: Economic Crisis
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Assignment 2: Origins and Fate of Stars
These pages help describe th...
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Created by: James Linzel
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Canlit
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