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Demographic Dilemma

It's no secret that the demographic profile of the United States is growing older at a rapid pace. While the U.S. population is projected to grow just 8% between 2015 and 2025, the number of older Americans ages 70 to 84 will skyrocket 50%.(1) With roughly 75 million members, baby boomers (born between 1946 and 1964) make up the largest generation in U.S. history. As a group, boomers have longer life expectancies and had fewer children than previous generations.(2) Now, after dominating the workforce for nearly 40 years, boomers are retiring at a rate of about 1.2 million a year, about three times more than a decade ago.(3) Though the economy has continued to improve since the Great Recessio

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