A Look at Our Future: When Baby Boomers Retire

This is a Comptroller General presentation given to the Policy Committee 2005 White House Conference on Aging, on September 20, 2005. Major topics of this presentation include: composition of federal spending, fiscal year 2004 deficit numbers, unsustainable current fiscal policy, U.S. elederly dependency ratio expected to continue to increase, and declining U.S. labor force.