The Baby Boomer Bust What is going to happen to the government when all the Baby Boomers are out of the work force? They wont be paying income taxes anymore, will they? Well, maybe some will off of investments, but not anywhere near the amount they pay right now from their employment income. The Boomer generation was born between 1946 and 1964. Currently, the Boomer generation is at their peak of personal income and thus personal income taxes paid. They are also at their peak of paying into Social Security. They are also at their peak of paying other taxes such as sales tax, as they have immense purchasing power. In less than 20 years, all the Boomers will be retired. That means they will be drawing all that SS money they paid in. As they age, they will also be utilizing the medical care system like no other generation ever has before, If you think health care costs are expensive now, just wait until we start sucking up all those resources. The Boomers will be the single largest voting bloc in the US. I doubt they will vote to give up the SS and Medicare they spent most of their lives paying into. There is not another post Boomer generation as large as THE Baby Boomers of my generation. The first of the Boomers are starting to retire, the rest of us will be retired in 20 years. That means we will no longer be supplying the tax revenue that is just barely keeping this nation afloat right now. Instead, we will start taking what we have contributed (SS and Medicare). And we WILL want it back. We paid it, we will want it back. What is currently the largest bloc of contributors towards taxes, SS and medicare is about to become the largest bloc of recipients of SS and medicare. What is going to happen when us Baby Boomers stop paying and start collecting?