Tag: aging baby boomers
The brief’s key findings are: Older people have lower labor force participation rates than younger adults, so aging baby boomers are pushing down overall participation. This aging effect accounts for more than 40 percent of the decline since the onset of the Great Recession. An aging population also lowers unemployment slightly because older individuals who…
The baby boom is beginning to retire and Social Security costs are rising. Commentators often attribute the cost of Social Security to the retirement of the baby boom. Others go so far as to suggest that the baby boom is “a pig in a python,” a large cohort just passing through and once the last…
