LUXURY FEVER: Why Money Fails to Satisfy in an Era of Excess
By Robert H. Frank.Free Press. 336 pp. $25
How the Coming Age Wave Will
Transform America—and the World.
By Peter G. Peterson. Times Books. 280 pp. $23
When the sky does fall, those once denounced as Chicken Littles suddenly become prophets. Peterson may turn out to be one of them. He assessed the dire consequences of American aging in Will America Grow Up Before It Grows Old? (1996). Now, in Gray Dawn, he extends the analysis to the...