MIAMI: The number of fatuous and erroneous reports claiming a ‘silver tsunami’ will sink the economy, continue to flood the market.
The standard flaw is the presumption of universal retirement.
Despite clear evidence to the contrary, report authors persist with the fallacy.
The reality is the majority of boomers will stay in the workforce for life; be net contributors to the tax base; and die ‘healthily’.
The report writers, for the most part, are alarmists peddling a commercial product or position…