Baby boomers entering retirement age are changing the world as we know it an order of magnitude at a time. 75 million strong, affluent, successful, and driven this wave will impact everything from healthcare to housing, from transportation to taxes. This aging phenomenon is a global occurrence forcing each country to figure out how to deal with increasing ratios of senior citizens to actively employed workers.
The writing is on the wall and we are ever bombarded with warnings of the pending impact. How many articles have you read quoting the 10,000 baby boomers who will reach age 65 each day for the next 20 years? That is a lot of gray!
The numbers are truly mind boggling as the current 40 million senior citizens will grow to 89 million in 2050. The shifting demand created by boomers will impact the supply of limited resources in all aspects of daily life.
What to do?
My blog for the week at US News & World The Baby Boomer Number Game attempts to shed some light on some major areas of concern and discuss how the changing demographics will impact us all. Enjoy and don’t let the numbers scare you too much.