A record 4.1 million Americans are set to turn 65 this year and each year through 2027, according to the Alliance for Lifetime Income’s Retirement Income Institute. Although not all of those boomers will hang it up, the surge of freshly minted 65-year-olds – known as "peak 65" – probably will mean record retirements as well. And these record retirements are likely to keep wage and price increases higher than normal over the next few years. So how will this affect the workforce that’s left behind to cover for all these retirees? Gen Z’ers are much smaller group than baby boomers.