Some see Baby Boomers as a marketing opportunity, but not Alan Greenspan, chairman of the Federal Reserve Board. Greenspan warns they might crack the economy if the country does not prepare adequately. He made his remarks at a symposium sponsored by the Federal Reserve Bank of Kansas City.
The "elder dependency ratio," which is the ratio of older adults to younger adults, was temporarily stalled by the birth of the Boomers, but as that group ages, it will continue to rise precipitously. This means that the increasing financial burden created by the elderly will fall on the hands of the young.