Federal Reserve Bank of St. Louis logo
Skip to main content

2007, No. 22
Posted 2007-09-02

Can Social Security Survive the Baby Boomers?

by Craig P. Aubuchon and David C. Wheelock

The looming Social Security funding crisis largely reflects changing U.S. demographics. The aging baby boom generation, increased adult life expectancy, and declining fertility will rapidly increase the number of retired persons drawing benefits relative to persons paying taxes to fund those benefits. The authors discuss possible solutions.