The Attrition Rate

How many of you know pharmacists that would like to be retired but due to financial concerns are still in the workforce? I am noticing more pharmacists working much later in life than before because they simply cannot afford to retire. Many need the income because their employers have been cutting back on retirement benefits or their own retirement savings are less than anticipated due to the market and the economy. In the future, the fragile state of both of Medicare and Social Security will most likely only worsen this scenario as more and more cuts are made to these social programs. For Social Security, the age where benefits begin has already been increased to 67. Looking ahead, that age will more than likely be forced higher. Coupled with potential decreases in benefits and the ever vanishing employer contribution, it seems as though it will be much more difficult to retire in the future. This in turn means more pharmacists who were expected to leave the workforce due to retirement will still be in the workforce. The jobs that the numerous new graduates will be so desperate to find because the big, ugly, black cloud of the school loan is hovering above their heads might be unavailable in the worst case scenario. Alternatively, the new graduate may only be able to secure part time or per diem employment rather than full time.  The "projected" need of new graduates to replace the attrition caused by outbound retiring pharmacists are inflated in my view and just another excuse for the new pharmacy schools to justify their need to exist...