Tuesday, October 16, 2007


The Social Security surplus takes its first hit:

The baby boomers' stampede for Social Security benefits has begun.

The nation's first baby boomer, a retired teacher from New Jersey, applied for Social Security benefits Monday, signaling the start of applications from the post-World War II boomer generation.

Social Security Commissioner Michael Astrue called it "America's silver tsunami."

Kathleen ...Casey-Kirschling was born one second after midnight Jan. 1, 1946, gaining her recognition as the first baby boomer — a generation of nearly 80 million born from 1946 to 1964.

She will be eligible for benefits after she turns 62 next year. ....

An estimated 10,000 people a day will become eligible for Social Security benefits over the next two decades....

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