10 POINTS TO BEST ANSWER..... ....... and probably thumbs up to other answers....?

Posted in xn--kfs74mzzid01b.com edit by webmaster on January 7th, 2009

  • Why will it be good that the Baby Boomers are 65 when i start working?


  • I am a baby boomer and Doug is 100% right, it will free up tons of jobs. Hopefully, I don't have to wait until I turn 65 to retire, lots of us have already retired in our late fifties.


  • Good: Many baby boomers will be retiring, which will create open positions for many types of jobs, both "blue collar" and "white collar".

    Bad: The dependency ratio will go up. In demography, the dependency ratio is the number of people not working (children, retirees) divided by the people working. What this means is that with so many new retirees, the people who are working will either have to pay higher social security taxes, or social security runs out of money. In short, the social security taxes you pay now are paid out to people collecting social security benefits now. So, you'll be supporting far more people on your paycheck than the baby boomers supported on theirs.


  • Lots of jobs will open up - assuming the retirement age is not raised to 90 !

    Also, a lot of new jobs in senior care, health management, nursing, etc. will be created.


  • Doug's right; a lot of jobs will open when the baby boomers retire.
    As for the second part, "Why would it be bad," when the baby boomers retire they're going to start collecting social security, which means the portion of your paycheck that goes to social security will go up.


  • Because most will be retiring at 65 and that will free up a lot of jobs for you.







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