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GAO Testimony: Aging Baby Boom Generation Will Increase Demand and Burden on Federal and State Budgets
U.S. Government Accountability Office [GAO] 
Mar. 22, 2002
19 pages. "As more and more of the baby boomers enter retirement age, spending for Medicare, Medicaid, and Social Security is expected to absorb correspondingly larger shares of federal revenue and crowd out other spending. The aging of the baby boomers will also increase the demand for long-term care and contribute to federal and state budget burdens. The number of disabled elderly who cannot perform daily living activities without assistance is expected to double in the future." [GAO-02-544T, published Mar. 21, 2002, released Mar. 21, 2002]
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