Daily Observations is my opportunity to share with subscribers significant news, thoughts, and ideas I come across each day. Consider this my “daily read file” of information affecting current and future events, national and community security, world war and culture war.
I’ve talked several times about how demographics is going to fundamentally change the future course of this country. Today, we’re getting away from race and politics, and looking at economic impacts. Americans aged 25-54 are the economy’s producers. The peak earning age for American men is between 45-54, and the number of Americans in that peak earning range is declining. At the same time, the number of Americans 55 and older (i.e., retiring age) is growing. With the pension shortfalls that already exist, I don’t see how benefits won’t be cut, companies and governments force increases in retirement savings/pension contributions, and the retirement age gets older. Something to consider.
