Will America grow up before it grows old?

BABY boom generation; RETIREMENT & economics; ECONOMIC forecasting; UNITED States economy, 1981-2001; DEMOGRAPHIC change; ECONOMIC indicators; SOCIAL prediction; GENERATIONS; ECONOMIC conditions of older people; ECONOMICS

The article warns that the U.S. could be engulfed in an economic crisis when the baby boomers begin to retire. The article suggests methods of preventing an economic catastrophe, which include balancing the budget, reforming senior entitlements, raising retirement ages, and promoting individual and pension savings. The article also discusses the economic and political situation of the U.S.