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Old 10-12-2015, 05:35 AM  
slapass
Too lazy to set a custom title
 
Join Date: Nov 2002
Location: Earth
Posts: 14,627
Quote:
Originally Posted by Vendzilla View Post
Except the workforce participation for those over 55 has gone up, from 30 to 40%. It's gone down in the 24 to 54 age group.

Civilian labor force participation rates by age, sex, race, and ethnicity

So baby boomers have nothing to do with it,, people over 55 are having a harder time than they thought being retired and are going back to work
The baby boomer bump is right there. They are turning 55 as we speak. So it is pumping up the age category.

The baby boomers are a force in this and will continue to be a mess for the rest of us. Look at Japan or Russia as they are both suffering now.

http://www.indexmundi.com/graphs/pop...ramid-2014.gif
http://www.indexmundi.com/graphs/pop...ramid-2014.gif

The next five years are going to tell the tale on a global scale in the developed world.
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