Baby Boomers Market May Not Be So Good After All
Matrix » Baby Boomers May Turn Out To Be A Bust
From the Matrix Real Estate Blog:
“The retirement of baby boomers will not only affect the US, but also many countries around the world. This has many significant public policy implications for the future.
A draft version of the baby boom study [SmartMoney] covering this phenomenon was recently completed by Decision Economics that found:
Over the next 10 years, the American work force will become increasingly tight as the approximately 77 million members of Generation Baby Boom retire, according to the report. When these folks leave their jobs, they’ll be so hard to replace that the U.S. economy will grow at a significantly slower pace than it has been in the last 10 years.
Here’s a draft of the study (pdf) [Brookings Institution]“
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