Boomers retiring

A couple of notes about baby boomer retirement.  The bottom line is that the rate of retirement is highest now.  My fear is the bunching up because of the cycle.  When we get our blue bar  there will be a large segment of boomers who retire all at once, they choose careers a cycle at a time.

Gallop:PRINCETON, N.J. -- The first members of the huge baby-boom generation in the U.S. have reached retirement age in recent years, and these older boomers are retiring in large numbers, just as Americans in their mid- to late 60s did a few years earlier. While about eight in 10 boomers in their early 50s are in the workforce, the percentage employed drops to about 50% for boomers who are 60, and the proportion accelerates downward with each year of age thereafter. Only about a third of those aged 67 and 68 -- the oldest boomers -- are still working in some capacity.

And the rate of retirement:

 FRB: Atlanta: These two factors in conjunction with the aging of the baby boomers imply that the share of Americans 65 and older will rise from about 15 percent of the population today, or about 48 million people, to 21 percent, or 74 million, by 2030, the year the youngest baby boomers turn 65, according to U.S. Census Bureau projections. 

The retirement rate makes the trust fun  active, and that means it can not be treated as a benign internal borrowing account.  Debt issuance beco es volatile. The NYC debt cartel will need to acquire liquidity to move the bunches pof debt.  But the Fed is still holding a QE tax over interest payments.  Something will have to give, most likely   monetary regime change.