Baby Boomer Retirement

Economic impact of the impending Baby Boomer Retirement

Within the next two decades, the largest segment of the American population will be retiring, leaving a huge void in America's workforce, as well as creating the largest single pull on the struggling Social Security system that America has ever sncountered. According to Dailey (1998) over one third of the American population is composed of this generation. What will be the effects of pulling this group of productive American workers out of the wealth producing sector of our economy, and transferring them to the non-working sector? The American economy, which has reoriented itself to an information economy rather than a manufacturing-based economy may face pressures to adapt further as it relied on less professional, executive leadership which has been provided by the Baby Boomers, and has to learn to rely on Gen X and Gen Y citizens in order...
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