America's 1st Baby Boomer Applies for Social Security

The woman considered America's first baby-boomer signed up for her Social Security benefits on Oct. 15.

That opens a flood-gate some economists say could bankrupt the system.

62-year-old Kathleen Casey-Kirschling was born January 1, 1946, just barely after midnight.

She's one of 80-million Americans born between then and 1964.

Social Security and Medicare payouts for aging boomers could cost $50-trillion over the next 75 years.

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