{"id":507,"date":"2009-02-11T00:00:00","date_gmt":"2009-02-11T05:00:00","guid":{"rendered":"http:\/\/karenturnerphd.com\/retirement-boomers-their-impact-on-the-us-economy\/"},"modified":"2017-10-24T13:24:24","modified_gmt":"2017-10-24T17:24:24","slug":"retirement-boomers-their-impact-on-the-us-economy","status":"publish","type":"post","link":"https:\/\/karenturnerphd.com\/retirement-boomers-their-impact-on-the-us-economy\/","title":{"rendered":"Retirement Boomers: Their Impact on the US Economy"},"content":{"rendered":"
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Retiring boomers as toxic spheres in US economy <\/p><\/div>\n

By Boomeryearbook.com<\/strong><\/p>\n

Baby boomers were the most prosperous generation in all of history. We had the highest collective annual spending power. However, it does appear that many of us have spent more than we have saved. Much of our money has been used to find the proverbial fountain of youth, as we boomers seem obsessed with keeping ourselves forever young. While we might have been prosperous and while many of us still are, we are also, whether you want to face it or not a \u201cthreat\u201d to the US economy. Psychological articles and sociologists observe that we boomers of the population of America that is 60 and over (fast becoming retirement boomers<\/strong> I suppose) are the most obese, and the most drug abusing. <\/p>\n

Many may call this a gross exaggeration but most of us grew up partying, dabbling in drugs, attending political protests, engaging in sexual freedom and experimentations, calling the shots and \u201cruling the world\u201d. The problem is that too many of us now aging boomers haven\u2019t grown out of the 60s and we are having a negative impact on the US Economy.\u201d People assumed that with age, we boomers would calm down. However, many of us haven\u2019t and thus, speaking from a purely economical standpoint, are looked at as somewhat of a burden. Over 76% of Americans above the age of 50 plan to work through their retirement years mostly because they have to. In spite of this, retirement boomers<\/strong> constitute a problem.<\/p>\n

The nearly 78 million baby boomers in the US alone will soon become, if they haven\u2019t already, retirement boomers<\/strong>. The government calls us a \u201cnational challenge\u201d. I guess it\u2019s because everybody\u2019s wondering how many tax payer\u2019s dollars will be needed to support all the government programs aimed to helping retirement boomers<\/strong>. (i.e., Social Security, Medicare, etc). Already, many of us can\u2019t afford to retire because Social Security is facing shortages meaning lower benefits for those of us who retire early.<\/p>\n

Economists predict a serious problem. Fifteen percent of today\u2019s labor force consists of the defined baby boomers above the age of 55. What happens when we retire? The current tight labor market situation will be aggravated. And, putting all this in the perspective of the global economic recession, things look bleak indeed. The pundits are telling us that private savings are the lowest since the Great Depression, and the ominous age-wave theory predicts a looming economic slowdown as we become retirement boomers<\/strong>. <\/p>\n

Many psychological articles on elderly problems say there will be a sort of generational warfare. Why? \u2026 because of the fact that there will be less people putting money into the system and more people deriving benefits from that system. But most of us boomers don\u2019t want to look at ourselves as some undeserving burdensome \u201cold person\u201d soaking up the country\u2019s money and resources. After all, didn\u2019t we pay taxes and act as responsible citizens throughout our lives? There is the common misconception that retirement boomers<\/strong> never think of themselves as old and\/or economically burdensome. Like most things in life, this is a gray area. Many boomers do recognize the realities of our age and the associated responsibilities, while other retirement boomers<\/strong> seem to be in denial. The boomers in denial may well leave an unjustifiable economic burden on echo boomers (children of baby boomers) and scores of younger generations that will follow.<\/p>\n

What do you think? Are retirement boomers a burden or potential asset? Join Boomer Yearbook and let your opinion be heard.<\/p>\n

www.boomeryearbook.com<\/a> is a free social networking site connecting the baby boomers generation. Whether you are a member of the baby boomers generation or are related to someone who is, you will find plenty to do here. Free psychological articles on a vast variety of topics such as dream analysis, coaching and self-help, elderly problems, examinations and proposed solutions for types of discrimination along with weekly updates on mental and medical health. You can also become a non-member subscriber to our free newsletter to receive these articles directly in your inbox so you don’t miss out. <\/p>\n

At Boomer Yearbook<\/a> you can share your thoughts, upload pictures and find old friends, or use our online optical illusions and brain games, provided by clinical psychologist Dr. Karen Turner, to expand your mind and help ward off the possibility of depression, dementia and Alzheimer’s. Join now to discover the numerous ways in which this online social networking site for the baby boomers and boomers of all ages can contribute to optimal physical and emotional wellness. The baby boomers generation changed the world. We\u2019re not done yet!<\/p>\n

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By Boomeryearbook.com Baby boomers were the most prosperous generation in all of history. We had the highest collective annual spending power. However, it does appear that many of us have spent more than we have saved. Much of our money has been used to find…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[28,296],"tags":[83,428,429,421,430,431],"_links":{"self":[{"href":"https:\/\/karenturnerphd.com\/wp-json\/wp\/v2\/posts\/507"}],"collection":[{"href":"https:\/\/karenturnerphd.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/karenturnerphd.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/karenturnerphd.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/karenturnerphd.com\/wp-json\/wp\/v2\/comments?post=507"}],"version-history":[{"count":0,"href":"https:\/\/karenturnerphd.com\/wp-json\/wp\/v2\/posts\/507\/revisions"}],"wp:attachment":[{"href":"https:\/\/karenturnerphd.com\/wp-json\/wp\/v2\/media?parent=507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/karenturnerphd.com\/wp-json\/wp\/v2\/categories?post=507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/karenturnerphd.com\/wp-json\/wp\/v2\/tags?post=507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}