Top News from Today's "Boomiverse"
Retirement Market Booming, Boomers To Keep It Hot For Decades
www.seniorjournal.com
Overview: “The status and demographics of retirees are changing so fast that marketers almost need a monthly snap shot. In the U.S., 17.9% of adults are now retired, according a recent report by The Media Audit. But, that number has increased by 6% in just the last five years. It will climb even faster as the Baby Boomers exit the workforce.”
http://www.seniorjournal.com/NEWS/Boomers/2008/8-03-11-RetirementMarketBooming.htm
The Truth About Aging Boomers' Effect On Our Economy
John B. Shoven
www.alternet.com
Overview: “There is a looming catastrophe stalking the developed world. It promises to devastate the global economy, overwhelm hospitals, and decimate armed forces. What is the calamity that promises such misfortune? Not a killer virus, deadly terrorist attack, or natural disaster. It's the aging of the world's baby boomers, the coming tidal wave of senior citizens who will live longer, consume more, and produce less, seriously challenging societies' ability to care for their graying ranks.”