Will the baby boomer retirements lead to an economic bust?

Will the baby boomer retirements lead to an economic bust?

(Alistair Berg/Alistair Berg)

The departure of baby boomers from the workforce could mean a long period of reduced economic growth -- although the U.S. will probably fare better than Japan, where 40% of the population will be aged 65 or older by 2050. Boomer retirements could benefit younger workers by making it easier for them to climb the career ladder. "For many young people, mom and dad can’t retire soon enough," Ben Casselman writes. FiveThirtyEight (5/7)http://fivethirtyeight.com/features/what-baby-boomers-retirement-means-for-the-u-s-economy/