There is a serious political/economic consequence to the graying of America that cannot be ignored. More senior citizens means more voting power for that group. When it comes to programs like social security and medicare, which affect most senior citizens, it is proving to be difficult to make cuts that are probably necessary for the fiscal health of our country. I will soon be of the age in which I am dealing with both of those programs, and I'd certainly rather see them modified than bankrupt.
However, senior voting power is making it tough to modify them. That means that if we are going to be fiscally responsible, we might have to cut funding to other programs, such as defense, welfare, education etc. You can't blame a voting bloc for voting to protect their interests, but you have to realize that it's going to affect others. A grayer America might mean that the "not yet gray" have to make do with less.