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More Baby Boomers Need to Delay Retirement

August 8, 2012
| Blogs & Op-eds

The number of Americans aged 55 to 64 grew 8 times faster than the rest of the U.S. population in the last decade, reflecting the "pig in the python" of aging baby boomers. As this cohort retires in ever larger numbers they will place an ever greater strain on the economy, as they produce less (and pay fewer taxes) but consume more taxpayer-provided services such as Medicare and Social Security.