As Baby Boomers begin to retire, the effect on the economy will be roughly equivalent to the unemployment rate rising by 3/10 to 1 percent every year for 20 straight years. With Social Security nearly insolvent the answer to America's fiscal woes lies in its work ethic--not necessarily how hard we work, but how long. -
Working To Fix Our Fiscal Woes
As Baby Boomers begin to retire, the effect on the economy will be roughly equivalent to the unemployment rate rising by 3/10 to 1 percent every year for 20 straight years. With Social Security nearly insolvent the answer to America's fiscal woes lies in its work ethic--not necessarily how hard we work, but how long.-
By C. Eugene Steuerle