Jim Bacon, author of "Boomergeddon," tells "American Morning" about the wave of thousands of boomers who will turn 65 starting Saturday - and the impact this 19-year "tsunami" will have on Americans.

"They haven't saved enough. They have too much debt. And they're all going to be relying on social security and Medicare that we know in 15 years is going to be in great jeopardy," he says.

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