And so it begins. January 1, 2011. The first baby boomers reach 65.
When the boomers started elementary school, new school buildings could not be built fast enough. There were situations in which public schools used places like church basements for a while for all those little kids who were showing up to read about Dick and Jane and Sally and Spot and Puff and Tim. (Remember Tim? He was the teddy bear.)
When the boomers started college, dorms were overflowing to the point where some dorms had bunk beds set up in basement rec rooms at the beginning of first semester. Kids housed there waited for the kids who had the regular rooms to fail and bail.
The first of the boomers were a privileged bunch in one area in particular that is gone forever and has been gone for many years. -- The early boomers could graduate from high school and find really good jobs waiting for them. Not everybody went to college. Nor did they need to go to college. They could get on with their adult lives and do quite nicely because of those good jobs. And our nation thrived.
A lot of press was out there in early 2008 when the boomers hit Social Security at 62.
And now, Medicare, here we come. 1.1.11 -- Boomsday.
And, btw, I put this thread in the investment forum because I am thinking of investing in birthday candles.
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PS: Here is a link to an article I was reading this morning that I thought maybe some of you might like to read, too.
http://money.usnews.com/money/retire...s-turn-65.html