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Are Baby Boomers Going to Drain Social Security Dry?

The U.S. Census Bureau released two new reports a few days ago concerning the aging of America, and the news is somewhat startling. The baby boomer generation, persons born between the years 1946 and 1964, will help populate a cohort of 65-and-older individuals that will number nearly 84 million by 2050. That’s almost double their 2012 level of 43 million. Needless to say, these older persons will present a greater strain on many programs and services, namely, Social Security. The big question is: Will the venerable entitlement program be able to shoulder the strain? Read more…

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