A new paper jointly released today by The Concord Coalition and the Global Aging Institute (GAI) warns that the aging of the U.S. population not only threatens to overwhelm the budget, but could also usher in a future of permanently slower economic growth and diminished geopolitical stature. The paper, entitled The Macro Challenges of Population Aging, is the fifth in a series of issue briefs on the aging of America called The Shape of Things to Come.

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“The dramatic shift in the age structure and growth rate of the U.S. population poses a series of challenges that reach far beyond the impact on the federal budget,” said Robert L. Bixby, executive director of The Concord Coalition. “The aging of America could affect everything from employment and productivity growth to the nation’s social mood and its place in the world order. In this issue brief, we take a broad look at the macro implications of population aging. The implications are sobering, and we cannot afford to ignore them.”

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“Demography may not be destiny, but it can exercise a powerful influence on the economy and society, sometimes leaning with economic growth and sometimes leaning against it. Unfortunately, America, along with the rest of the developed world, has arrived at a juncture where the impact of demographic change is on balance likely to be negative,” said Richard Jackson, president and founder of GAI.

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