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I don't read this as having to do with old people --- old people are the same no matter where you go. It's that we don't have a resurgence of population in the post baby boom years. The birth rate per 1,000 seemed to have peaked in the 20th century early on, in the 1940-1961 boomer years it was relatively high but has been slowly dropping. The high amount of boomers, their life expectancy of living longer, and the lowering number of births since then all sort of contribute. Do I think the OP has a valid point? Yeah... but it's not the boomers fault they were born then or living so long. I certainly do not see a resurgence of 5% growth like the 1980's or 1990's. Those days I think are well past us and yes, to a lesser extent we will see a economic decline like Japan though I think the U.S. economy can absorb some of the sharp edges if our lawmakers and politicians don't bone us unexpectedly.
http://www.infoplease.com/ipa/A0005067.html
Boomers are from 1946 to 1964. So their first official year of retirement was 2011.