Quote:
Originally Posted by Burger Fan
Boomers aren't any better at saving (and may be worse) but many of them have pensions from when companies were still doing that sort of thing, and all of them will have social security when they retire- something no one can guarantee for GenX. The SS fund is projected to be running a deficit (though not "bankrupt") by that time if nothing is changed.
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Ah, but the current SS problems are due to the sheer size of the Boomer cohort. Once we Boomers die off, the much smaller cohort of Gen X geezers will be supported in their old age by the Millennials, a cohort which is nearly as large as the Boomer one. So the demographic issues now facing SS shouldn't be an issue for the Gen X'ers. (Now the Millennials, they're going to have problems when they get old, though...)