"Over the next two decades, nearly 80 million baby boomers -- about
10,000 per day -- will become eligible for Social Security."
First baby boomer gets first Social Security payment
VERO BEACH, Fla. (AP) -- The nation's first baby boomer received her
first Social Security retirement benefit today, marking another
milestone for the post-World War II generation.
Kathleen Casey-Kirschling, 62, was born one second after midnight on
Jan. 1, 1946. The retired teacher who lives in Earleville, Md., and
Vero Beach applied for her benefits online, and received her payment
by direct deposit.
Federal officials at a Vero Beach event to debut a public service
announcement lauded Casey-Kirschling's decision to receive her
benefits by direct deposit. A video featuring Casey-Kirschling was
scheduled to appear on the Social Security Web site later today.
"Kathy is a trendsetter for her generation," said Jim Courtney,
Social Security's deputy commissioner for communications.
Over the next two decades, nearly 80 million baby boomers -- about
10,000 per day -- will become eligible for Social Security.
If no changes are made, the Social Security trust fund is projected
to deplete its reserves in 2041 and will begin paying out more in
benefits that it collects in payroll taxes in 2017.