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Reply to "Can we expect waves of baby boomers to start retiring in the next few years?"
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[quote=Anonymous]Yes. Not to say that there will be a whole heck of lot of upward mobility for people coming after--companies will downgrade those positions--but of course they are retiring. Contrary to what the life begins at 60 crowd, people slow down and want to stop working, and frankly, the average age of death in this country is still in the mid-70s. People get sick even earlier and are forced to quit working. Let's not forget--this is the biggest voting block in the country, and as far as having investments wiped out, no worries--they will just vote themselves more generous benefits. The book "The Next 100 years" talks about this demographic crunch. The boomers will be retiring in waves, but still consuming. By 2020, everyone who wants a job will have one, at high wages, but those wages will be heavily burdened by both taxes and inflation. And of course, not every industry will be a winner in this, so you must be nimble. [/quote]
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