For a number of years CRE has stated that baby boomers, born between 1946 and 1964, were in large part on a path to economic doom. The reason behind this doomsday projection was the severe downward trend in conventional (defined benefit) pensions. Extended unemployment, the non-availability of pensions and failure to utilize defined contribution plans are also contributing factors but are all part of the same problem–lack of sustainable income at an advancing age.
In order that federal policy makers be armed with sufficient data of high quality CRE personnel made numerous suggestions to federal agencies to conduct studies which would support the aforementioned hypothesis. Fortunately the talented individuals of the Bureau of the Census conducted such studies.