Saturday, October 23, 2010

The negative impact of the elderly on growth

This chart from Japan on the net GDP impact of the elderly on GDP growth is fascinating.
I think we all know this intuitively but to see it laid out crystallizes the issue.  One reason to try to reengage older people in the work force and of course to raise the age for access to Social Security and Medicare substantially.

Before it eats us alive.

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