Problem Based Module: Baby Booming the Economy

THE PROBLEM

For decades, the retirement of the baby boom generation has been a looming economic threat. Now, it’s no longer looming — it’s here. Every month, more than a quarter-million Americans turn 65. That’s a trend with profound economic consequences. Simply put, retirees don’t contribute as much to the economy as workers do. They don’t produce anything, at least directly. They don’t spend as much on average. And they’re much more likely to depend on others — the government or their own children, most often — than to support themselves. (FiveThirtyEight)

According to the Atlanta Fed Model, the US economy is strong and getting stronger (CNBC) - is that truly accurate?  How can we tell? What is the current state of the US Economy? It is said that the outlook for the US economy is healthy - what does that mean?

So, what impact will this have on the economy of the US?  What can we do to prepare? How can we help soften that impact?  What does it mean for those of us in the workforce and those just entering the workforce?  Is the US Economy strong enough to handle this situation?  

What should we as individuals do to ensure we are financially able to meet the needs of us and our families?  What can students do to prepare for their financial futures?