Avenues For The Aging Boomers

According to the McKinsey Global Institute, without an unexpected burst of productivity growth or a significant upsurge in investment per worker, the aging boomers' reduced levels of working and spending will slow the real growth of the US GDP from an average of 3.2 percent a year, since 1965, to about 2.4 percent, over the next three decades.

The report, overall, is a very well analysed one. But, my concerns are that won't there be implications of boomers prolonging their retirements on the growth of members of generation X, who would be in their prime time, then? If yes, then, what would be the degree of such implications on the generation X, as well as on the US economy? Are there any other malleable alternatives, because simply making boomers drag for a couple of more years would not solve much of the problems the America is witnessing today, or is going to witness tomorrow?

What I, personally, think of is that the US government should chalk out a national plan to retire boomers on time, AND to put them to better use, by using them in partnering with the millennials for some sorts of national entrepreneurial programs -- or programs devised to solve the bigger problems of the America than those meant to just provide a means of earning bread and butter for the should-already-have-retired boomers.

As boomers have seen the three completely different America, their life-long experiences will give the millennials, who have been, since childhood, fed on a staple diet of laptops, cellphones, iPods and PS3, a sense of urgency in shaping the future of the America. In general, on a lighter note, it's more fun working with grandpas than working with pas. Moreover, the energy of the millennials and the cautious experience of the boomers would be a great combination, so the partnership would be worth watching. Above all, doing so will not only keep the boomers employed and well grooved to the national interests, but also give the millennials, who are, in general, poor at skills, as proved by all the recent statistics drawn on them, the hightened senses of contributing to the national economy. The government might not need to focus on building houses for old people, rather it should focus on building "new houses" under the "supervision" of old people.

For evolving the aforesaid partnership, with the support and guidance of the government, the government can have various ways and means of implementing the same, depending on the feasibility and needs of the nation. This will help the boomers, the generation X, and the millennials. In turn, this will help the world.