US. The Economic Implications Of Aging Boomers And Emerging Millennials
More than 4 million Baby Boomers, born 1946-1964, are reaching 65 each year through 2027, and they are exiting the labor force in droves. Meanwhile, the core labor force is growing at a snail’s pace. Since 2000, the population of 25- to 54-year-olds has grown by only 7%. How the U.S. manages these converging demographic trends will be a monumental challenge in the years ahead. With an aging population, the government will face higher obligations for medical and Social Security costs. There will be fewer workers...
