Causes of Old-Age Dependency
The Lengthening Span of Life
The problem of providing for aged dependents becomes more serious each year because the underlying economic changes causing it accumulate more rapidly than remedies for it are adopted. Among the contributing economic changes are (1) the longer span of life, as a result of which the number of people over 65 years of age within the whole population has relatively increased; (2) the reduced employment age level which shortens the earning period of a man's life; (3) the higher standard of American life meaning an increase in family expenses; (4) the movement of a majority of families from the country to the cities; and (5) the growth of machine industry. These conditions together with waning earning power, ...