US braces for baby boom retirement wave discusses how the first of the baby boom generation is set to start retirement in January, "setting off a demographic tidal wave with wide-ranging economic, political and social implications." The article includes some interesting statistics:

• There were an estimated 80 million Americans born between 1946 and 1964.
  
• "The cost for government-funded social security and medical care for the boomers leaves a funding gap of between 40 and 76 trillion dollars for next 75 years"
  
• "An unprecedented number will soon be entering the retirement stage of life. One-third of the population will be over 50 by 2010. One in five will be over 65 by 2010."
  
• "Americans aged 50 and over have a collective one trillion dollars in disposable income and control 67 percent of the US wealth"
  
• "71 percent of adults surveyed plan to work in some capacity after their formal "retirement.""

For more information on baby boomers, generations, and how they relate to ESOPs, here are some related links:

• Baby Boomers Selling to ESOPs
• Why the Number of ESOPs is not Growing at a Faster Rate
• Motivational Buttons
• Tribune Shareholders Approve Deal/Exit Strategy