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URL:  http://boards.fool.com/dont-show-this-to-a-baby-boomer-30494491.aspx

Subject:  Don't Show This To A Baby Boomer Date:  1/19/2013  9:53 AM
Author:  2828 Number:  667211 of 794800

10. Right now, there are somewhere around 40 million senior citizens in the United States. By 2050 that number is projected to skyrocket to 89 million.

9. 25 percent of all Americans in the 46 to 64-year-old age bracket have no retirement savings at all.

8. 46 percent of them have less than $10,000 saved for retirement.

7. Elderly Americans tend to carry much higher balances on their credit cards than younger Americans do.

6. Americans that are 55 years of age or older now account for 20 percent of all bankruptcies in the United States.

5. In 1945, there were 42 workers for every retiree receiving Social Security benefits. Today, that number has fallen to 2.5 workers, and if you eliminate all government workers, that leaves only 1.6 private sector workers for every retiree receiving Social Security benefits.

4. Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years.