REUTERS/Mike Blake
- The baby-boomer "time bomb" is finally upon us, economists say.
- All boomers will be at least 65 soon, the generation's point of "peak burden" on the economy.
- Future generations can take solace in the fact that no boomer-size generations are in the making.
A time bomb has been ticking in the US.
It's the baby boomers, who as they age are approaching their "peak burden" years in regard to their drag on the economy and the resources of younger generations.
Boomers have already gotten tons of flak from younger people over the economy they've left Gen Zers, millennials, and Generation X to inherit. By the end of this year, all boomers — defined by the US Census Bureau as being born from 1946 to 1964 — will be 60 or older.