http://www.economist.com/node/21563725

After the end of the second world war, births surged across the world. Many countries including Britain, Germany and Japan all enjoyed a baby boom. According to the article, individuals born after the war was accounted for 41 % of the total population by the year of 1964. This is a generation large enough to exert its own political and economic gravity. People from this period lived a charmed life, their income earned at every age was way beyond the previous generation. However, the baby boom is starting to cause economic problems now. For example, the policies those boomer set might not be adaptable in today’s economy; also, a study by the International Monetary Fund in 2011 shows that a huge bill is left from the boomers. Those aged 65 in 2010 receive $333 billion more in benefits than they pay in taxes. If those problems can’t be fixed quickly and efficiently, it will have a huge impact on the economy.