The subtle boomer effect

Note that we get greater participation from the workers 24-54, the top line rising.  But overall, the participation rate is stable, bottom line.  Boomers are doing less of the work  The boomers who do less require more work from the others to make the pension payments. We are further complicated because a lot of that recent rise in young workers returning comes from government  spending, reliant on tax income, which is more negative as boomers retire.  We will likely see an unexpected rise in deficit spending, cause a sudden inversion.