You are correct, but the time to do this would have been 15 to 20 years ago, at the peak of millennials graduating and entering the workforce before the boomers really started to retire en-masse. Since then the number of workers as a percentage of the population has peaked and started to decline, so the economy is going to incentivize people to work more hours, and it'll actually try to get a few younger boomers to delay retirement or come back out of retirement for a few years to help out. We're already seeing it with wages increasing. True, inflation means prices increase too, but the net effect is that people who are working can still afford a significant proportion of what's being produced, and people who retired thinking they had enough money in the bank will find that it can't be stretched as far as they think. The net effect will be a large transfer of wealth from the boomer generation to their kids' as retired people spend their savings just to be comfortable.