When I was growing up, the U.S. was launching the Great Society, which sought to summon the resources of government to wipe out poverty. Today, the generation that came of age with the Great Society is headed for retirement and giving you a Grey Society-where we will need to summon up even greater resources just to meet their needs.

About one in every four Americans who is 65 today will live past 90. One in 10 will live past 95. And nearly one-third of babies born two years ago will live to 100. Longer lives-that's got to be good news, right? Well, of course it is. But this Grey Society is a very expensive blessing.

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