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"The labor force participation rate is currently at levels not
seen since 1979, grabbing the attention of economists and
investors alike. Nearly 70% of the decline since the end of
the most recent recession can be explained by the aging
population and more people receiving social security disability benefits."
"It is also possible that a period of faster economic
growth could provide a cyclical bump to participation, but
demographic and structural trends appear to be the
dominant driver of participation and are likely to persist in
the coming years, which will continue to put downward
pressure on the participation rate."
We all know the labor particaption rate is down, to 1979 levels as your quote states....
The boomers just started retiring in 2011.
The crossover won't happen immediately no matter what the MSM tells you.
The peak of boomers retiring is 2030...not 2013.
13,000 turn 18 every day.
Source: US census bureau
Immigration (legal and illegal) are bringing in youth and people having large families.
Then expect a lot more Americans to be retiring in the future.
In 2011, the first of the baby boom generation reached what used to be known as retirement age. And for the next 18 years, boomers will be turning 65 at a rate of about 8,000 a day.
Source:AARP
We are looking at almost 18 million people will be retiring in just the next 4 years, and not everyone who turns 18 enters the workforce, many go to college. Yes, immigration has been also a factor, and yes we do have a serious issue with unemployment with young people due to a number of factors. The average age of a fast food worker is about 28yrs old, and many jobs for teens have been replaced with machines and do-it yourself checkouts.
Yeah thanks for making 200,000 boomers retire everyday Obama!
link???
forget it because your wrong
do you really want the numbers????? can you handle them????........they dont help your agenda.....
the fact remains:
number of people turning 65 on a DAILY BASIS....10,000
number of poeple turning 18 on a DAILY BASIS....13,000
the workforce """should""" be increasing
and many people 65 are putting off retiring because of economic issues......and seniors dont retire precisely at 55, 65, 67, or 80
some retire at 55..some will retire at 70....some will still be working (or need to) at 80
Then expect a lot more Americans to be retiring in the future.
In 2011, the first of the baby boom generation reached what used to be known as retirement age. And for the next 18 years, boomers will be turning 65 at a rate of about 8,000 a day.
Source:AARP
We are looking at almost 18 million people will be retiring in just the next 4 years, and not everyone who turns 18 enters the workforce, many go to college. Yes, immigration has been also a factor, and yes we do have a serious issue with unemployment with young people due to a number of factors. The average age of a fast food worker is about 28yrs old, and many jobs for teens have been replaced with machines and do-it yourself checkouts.
I guess nobody graduates from college anymore....huh....
I guess nobody graduates high school, that does not go to college, but straight into the work force....huh...
what does that have to do with my statement? You do realize young adults arent counted in unemployment stats right?
I never said it was ALL because of retirees. People on this forum feel like they can write a discertatiom on your political philosophy because they read an 8 word sentence you posted. Stop assuming...
Then expect a lot more Americans to be retiring in the future.
In 2011, the first of the baby boom generation reached what used to be known as retirement age. And for the next 18 years, boomers will be turning 65 at a rate of about 8,000 a day.
Source:AARP
We are looking at almost 18 million people will be retiring in just the next 4 years, and not everyone who turns 18 enters the workforce, many go to college. Yes, immigration has been also a factor, and yes we do have a serious issue with unemployment with young people due to a number of factors. The average age of a fast food worker is about 28yrs old, and many jobs for teens have been replaced with machines and do-it yourself checkouts.
what does that have to do with my statement? You do realize young adults arent counted in unemployment stats right?
I never said it was ALL because of retirees. People on this forum feel like they can write a discertatiom on your political philosophy because they read an 8 word sentence you posted. Stop assuming...
Because it needs to be brought up...that's all...
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