What will happen when baby boomers start retiring?
Unless the rate of direct deposit use increases, the costs associated with issuing federal benefit checks will balloon when baby boomers start retiring in 2008. These costs include printing and mailing fees, as well as money spent on claims and problem resolution. The Treasury recognizes that it is important to take action now to increase the growth trend of direct deposit. The money saved on postage, printing and other costs as a result of the Go Direct initiative will be used to cover the costs of future Social Security payments.
