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Dear Editor,

 

I have enjoyed reading Gary Endelman's recent articles, usually on the Siskind law firm's web site.  But one important detail that Mr. Endelman has not yet raised is the overall aging of the US population.  A mid-March issue of US News & World Report featured a cover story on how more Americans turn 40 this year in history, or ever again on the basis of current population projections. The US has a huge baby boomer demographic bulge versus a more even distribution in Europe (Canada in-between).  That means Europe presently has more seniors on the public pension rolls at present, partly explaining their higher tax load.  After 2010, the US will have a larger fraction of seniors ... we are already warned that while there are now 3+ workers paying for each retiree, that ratio will drop down to 2:1.  Without replacement immigration, the US needs only look to Japan for coming consequences: a rapidly aging population, and even shrinking population as younger workers bear visibly heavier burdens to support their elders' generations.

 

gld



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