Can The Various Pension And Benefit Ponzis Survive The Coming Wave Of Baby Boomer Retirements?

Jon Alternative Media, Blogosphere, Economy

The U. S. economy is a well-oiled machine fueled by voracious consumers with unprecedented access to cheap credit used to buy everything from McMansions to a $300 sofa. The Baby Boomer generation played a huge role in the credit-fueled economic expansion that has played out over the past several decades. The problem is that, like every generation preceeding them, Baby Boomers will also retire.
A few charts from a recent research report by Jan Hatzius of Goldman perfectly illustrate how Baby Boomers are on the cusp of transitioning from their peak earnings age into the largest population of retired citizens the U. S. has ever seen.

This post was published at Zero Hedge on Aug 24, 2016.