AGING BABY BOOMERS: A BIGGER IMPACT ON ELECTION DAY
Demographic trends may help translate economic woes into votes in the coming Presidential election. An issue of The Numbers News earlier this year noted that the "middle-aging of the baby boom implies that unemployment isn't for kids anymore." Back in the recession of 1982, only 26% of unemployed workers were 30 to 44. But this age group now comprises 40% of workers, and its share of the jobless last year moved up to a third.
From the standpoint of the electorate, the significance of the aging trend of the population is that the percentage of people voting tends to rise as they age. In the last Presidential election, for example, voter turnout among persons 18 to 24 was reportedly 36%; for those 30 to 44, 58%; and for those 45 to 64, 68%. In short, more people are likely to register their satisfaction -- or dissatisfaction -- with their economic situations than ever before.GENE KORETZ