Will Boomers really bankrupt Social Security?
November 14th, 2007Predictions that Social Security will melt down as the Boomer generation retires don’t take into account the likelihood that most will
keep working for a living. That’s the conclusion drawn by J. Walker Smith, president of Yankelovich Inc. and co-author of Generation Ageless, a new book on the Boomer future. Smith was interviewed this morning on National Public Radio, and explained that Boomers will be working well past the traditional retirement age of 65, are better off financially than their parents were, and less likely to draw Social Security benefits at younger ages. “It’s going to be a longer middle age, instead of a longer old age,” he said. Economic modeling of Boomers’ impact on Social Security don’t take that into account, he argues.
















