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Those Darn Boomers, Again!
A GoBankingRates.com article by Gabrielle Olya titled “2 Ways Social Security and Medicare Could Unravel as Boomers Flood the System“ caught my eye, maybe because “Social Security” is in the title, maybe because I am a Baby Boomer. The background to the article is that the “Boomer generation” — those born between 1946 and 1964, comprising more than 70 million — represents a significant factor in the U.S. population’s age 65-plus cohort. As a result, an imbalance has developed between the number of Social Security beneficiaries and the number of taxpaying workers supporting the program’s revenue stream. All of that is certainly factual, and Ms. Olya’s post focuses on what the imbalance means for the future of Social Security benefits. Check out her post here…
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