Not more than half of the people in the country are retired. According to the 2000 census, 21% of the population was 55 or older, assuming that number has stayed the same (and even assuming that everyone 55 or older is retired) that's only about 63,000,000. Also, I think it's safe to say that a large part of the nearly 200,000 people in hospitals are retired, so they can't be subtracted twice. And wouldn't the 2.8 million in the armed forces be employed by the federal government? They shouldn't be subracted twice either. With the 85,000,000 that this says are in schools, we are supposed to buy into the assertion that over 80% of the population is either in school or retired.