Co-Chair Ron Lee's Presentation on this report
The United States in in the midst of a major demographic shift. In the next four decades, people aged 65 and over will make up an increasingly large percentage of the population: The ration of people agen 65+ to people aged 24-64 will rise by 80%. This shift is happening for two reasons: People are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the cost and to leverage the benefits of an aging population.
This report presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support future consumption of households and for adapting to the new economic landscape.
The goal of this report is to provide insights that will be widely used to support serious discussion of the urgent aging-related issues confronting our society and of appropriate policy options to ensure the adequacy of retirement income. This report will be of value to economists, educators, business leaders, policy makers, health care professionals, and the general public.
More information about the ongoing phase II study