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The Passing of the Baton

Society is about to embark on a journey to a new America. No, this is not the opening line of a political speech. This is about the graying of America – that vast cohort group in America known as the baby-boomers. This large segment of our population begins to retire in 2011 and continues until 2031. This is important because it suggests strong economic pressures that will likely affect tax policy, federal deficits, national debt, interest rates and standards of living. It also represents the passing of much experience and skill from America’s work force and challenges the adequacy of future labor markets.

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