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Supporting The Aged


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SUPPORTING THE AGED

When the Baby Boomers hit the retirement rolls, everybody knows that fewer working folks will be around to support them than there are now. The situation, though, is far worse in other industrialized nations. In America, the labor-force population at least will grow; in other major nations, it will shrink. By 2040 in the U.S., that translates to 3 workers for every retiree (down from 5 to 1 now). In Germany in 2040, that's 2 workers per retiree (down from 4.5 to 1 today). Birthrates have been falling all over the developed world, but in America the lower birthrate is offset in part by higher levels of immigration.EDITED BY LARRY LIGHT WITH RUTH COXETER


Steve Ballmer, Power Forward
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