Working with the 92nd Street Y (92Y) in New York City, the Hoover Institution has launched a new video series entitled American Conversation Essentials features Hoover senior fellows delving into a broad array of topics, ranging from income inequality to national security.
In the first video, Senior Fellow Caroline Hoxby discusses the challenges posed by the intergenerational transfer of wealth from younger to older Americans. Under current financing mechanisms for Social Security and Medicare, benefits received by today’s seniors exceed their contribution into the system; absent reform, young people will pay more into the system than they ultimately receive. Greater awareness of this situation, Hoxby believes, could easily surpass concern about the concentration of wealth in the top 1 percent.
Long a forum for culture and learning, 92Y initiated American Conversation Essentials to offer substantive, thoughtful, civil dialogue on thorny public policy issues. Both organizations will soon launch major online and social media campaigns on YouTube and Facebook. Participating in the series offers Hoover fellows the opportunity to reach new audiences.