Still the definitive book on the subject, this volume has been thoroughly revised to cover rapidly changing aspects of the economics of aging. It provides an in-depth examination of the nation's evolving private and public policies on retirement, pension, and health, including, for instance, the dramatic changes in employer-sponsored pensions. New attention is given to the retirement of baby boomers and the financial situation of older women, many of whom still live in poverty. Other topics added to this edition include the proposed new way of measuring poverty, new economic implications of demographic aging, the concept of `productive aging', an update on reverse annuity mortgages, hybrid pension plans and pension privatization, and current information on Social Security. This highly readable book is essential for everyone concerned with gerontology. A thorough, rich, and current work, this book is the most comprehensive resource available for students, policymakers, researchers, human resource directors, and in short, all who have a personal or professional interest in the essential questions facing the growing aging population in the United States. It examines changes in retirement patterns, problems of older workers, and the complexity of retirement preparation, as well as pension plan health costs and all the programs affecting financial security.