Aging and the macroeconomy long-term implications of an older population

The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are livi...

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Corporate Authors: National Research Council (U.S.) Committee on the Long-Run Macroeconomic Effects of the Aging U.S. Population, National Research Council (U.S.) Committee on Population
Format: eBook
Language:English
Published: Washington, D.C. National Academies Press 2012
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Collection: National Center for Biotechnology Information - Collection details see MPG.ReNa
Summary:The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape
Item Description:Title from PDF title page
Physical Description:1 online resource (1 PDF file (239 pages)) illustrations
ISBN:0309261961
9780309261968