Interesting observations in the March 5, 2012 edition of The Wall Street Journal (Bad News for Boomers by Karen Damato) - - interview with Robert Arnott, who is an outside manager of two Pimco mutual funds:
"This very year, for the first time in U.S. history, the population of senior citizens rises faster than the working-age population. Less than 10 years ago, when the baby boomers' kids were coming into the labor force and the very skimpy roster of Depression babies was retiring, we had 10 new additions to the working-age cadre for each one new senior citizen.
It goes to 10-to-1 in the opposite direction in 10 years. There will be 10 new senior citizens for each new working citizen. It that's not a political, economic and capital markets game changer, I don't know what is."
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