There have been numerous articles and studies about the tidal wave of retirees swamping retirement pension systems as the baby boomers leave the workforce. Not only have the prognosticators declared that there will be a financial drain both in terms of increase in health care expenditures as well as in tapping of government pension systems, there will also be a workforce crisis as jobs go empty.

Not so, says Kevin Coyne of the Coyne Partnership. In a recent article in Business Week, Kevin and his business partner Shawn Coyne say that the Silver Tsunami will be more of a trickle – certainly in the US. According to their calculation more older Americans will choose to work beyond age 65 and there will be fewer retirees and more workers.

This is certainly a much rosier picture than we’ve seen elsewhere. Thoughts? Is this true in your country???