In next 10 years, 90 million Baby Boomers will retire, putting a huge drain on the Federal Budget but it is not stopping there. In the year 2050, experts predict more than 80 million Americans will be over the age of 65, or double current levels. In the same timeframe, the number of “working age” Americans – those between 18 and 64 – will rise just 17%.
In other words, the problem we have today of too few workers trying to support too many retirees is going to get worse – much worse – in the decades ahead.
The demographic realities of America’s aging population threatens to bankrupt the nation, which is already spending 22% of the federal budget on Social Security – or $773 billion in fiscal 2013. The endgame is here, get prepared...............TO BE CONTINUED