Business Week has an interesting article on baby boomers.

While we have already questioned the statistics on the jump in savings rate, the story shows just how focused policy makers are on Americans being consumers instead of producers.

Some statistics claimed in the article:

• $400 Billion is the amount of spending lost
• GDP growth until now has been at least 3.2% yearly since 1965
• Future projected GDP growth is at 2.4% (see post overviewing skew in GDP)
• 78% of GDP growth in the decade from 1995-2005 is attributed to boomers
• 69% of boomers do not have funds for retirement