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Please note that the chart only includes the working age population.
by nostromo 12y ago
Please note that the chart only includes the working age population.
- jobu 12y agoIt includes 25-54. Currently the age of retirement for full Social Security benefits is 67. Seems likely that they're missing a large chunk of Baby Boomers that are working longer.
- 6stringmerc 12y ago...and not accounting for the health care costs, present or future, which the Baby Boomer cohort is going to take out from the economy from a productivity / wealth standpoint. Basically, to exaggerate, the inheritance tax is relatively a moot point because other than a small percentage, most Baby Boomers didn't save enough to retire and didn't pay enough into the system to keep them alive from 67-80 something, because there has been little to no upward mobility for the rank and file spend and be taxed lower classes.