“Challenge for the USA, the retirement of the baby boomers.”
La Nacion reports on another reason why it is probably late in the cycle for the United States: the country has obligations it cannot meet. The first baby boomer, a woman named Kathleen Casey - who was born on January 1, 1946 - will turn 62 in three months. If we read the article correctly, she’ll be able to begin to collect Social Security. Behind her are 84 million others, almost every one of them counting on getting something from the government - either Social Security, Medicare or Medicaid.
“How about you, Bill?” asked a friend last night. “Are you going to go for partial payments at 62…or wait until 65 to get the whole enchilada?”
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