Group 5 Sophie Lo Michael Chou Julia Brito Howard Chang.

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Presentation transcript:

Group 5 Sophie Lo Michael Chou Julia Brito Howard Chang

77 million people were born between 1946 to 1964, which is defined as the baby boomer era (U.S. Census). The first baby boomer turned 65 on January 1, 2011 By 2015, those aged 50 and older will represent 45% of the U.S. population By 2030, the 65-plus population will double to about 71.5 million, and by 2050 will grow to 86.7 million people In 2050, the number of Americans aged 65 and older is projected to be 88.5 million(21% of the US population in 2050.

Future retirees will live years longer than today’s 65-year-olds, and collect thousands more in benefits.

1960: 5.1 to 1 Today: 3.4 to : 2.1 to 1 As a matter of simple math, when the ratio of workers to retirees falls, each worker must bear a greater financial burden.