Social Security And Medicare Budgets Will Double In Next Decade

The above entitlement programs are on an unsustainable path that the Gen X and Millennial Generations will have to address. Continue reading →

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Government wants to try Social Security 2.0

If you ever want to see what generational political differences Baby Boomers have with my generation (Gen X) and others behind me, bring up Social Security.

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One Third of U.S. Baby Boomers In Work Force

Baby Boomers (people born between 1946 to 1964) are retiring in droves. According to Gallup via Economic Policy Journal, only about one third of Boomers are still working.

babyboomers

PRINCETON, N.J. — The first members of the huge baby-boom generation in the U.S. have reached retirement age in recent years, and these older boomers are retiring in large numbers, just as Americans in their mid- to late 60s did a few years earlier. While about eight in 10 boomers in their early 50s are in the workforce, the percentage employed drops to about 50% for boomers who are 60, and the proportion accelerates downward with each year of age thereafter. Only about a third of those aged 67 and 68 — the oldest boomers — are still working in some capacity.