Representative Paul Ryan's (R-Mich.) recent 2012 budget proposal to replace Medicare with a different health plan for those under age 55 serves as the latest example illustrating the notion that "baby boomers" are not a single generation.

Those younger ones in that wide demographic trend, the second-half boomers, have long felt like the neglected younger brothers and sisters, quietly following where their elder generational siblings have led. Now, however, when it comes to retirement, the more appropriate analogy would compare them to late arrivals to a party after the retirement cake and ice cream have long been devoured.

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