Aging rockers: What Mick Jagger and AARP can teach us about stocks
NY Post
The geezers are coming! The geezers are coming!
Demographic doomsayers warn slowing birth rates and graying populations will wreak economic havoc and torpedo stocks.
Yet the dire scenarios of zombie-like boomer hoards leeching off their working progeny have it backwards: Aging populations are always, everywhere signs of progress — not threats to it.
Yes – America, like most developed nations, is aging. The Organisation for Economic Co-operation and Development (OECD) estimates 9.8% of US residents were 65 or older in 1970. At the start of 2023, it was 17.3%.
In 2000, there were 20.9 folks aged 65 and older for every 100 “working age” counterparts (What is called the OADR or Old Age Dependency Ratio). Now there are 30.4, and the OECD projects it will top 40 by 2050.
The trend will continue to be a major theme this century, with the Census Bureau projecting America’s agedness will peak about 2080. What to do? Invest in adult diapers?
Another one bites the dust. Domino’s, the nation’s largest pizza dining chain, joins the ranks of pizza giants whose franchisees have filed for bankruptcy, leaving many SoCal locations in major limbo.
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Saks Global — owner of luxury stores including Saks Fifth Avenue and Neiman Marcus — is cutting over 1,200 jobs as it shutters more than a dozen locations nationwide following its bankruptcy filing earlier this year.
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Amazon has been signaling that it wants a piece of the Saks empire — including possibly buying it outright — even as its prospects to break into the luxury market have been complicated by its controversial role in the retailer’s bankruptcy, The Post has learned.
The founder of a Vermont-based whiskey brand wants to give away a college campus that he bought during the pandemic — on the condition the new owner shares his vision for “the revival of our country and our civilization.”
WASHINGTON — Energy Secretary Chris Wright predicted that Americans will continue to experience the pinch in their wallets at the gas pump for the “next few weeks,” but he was hopeful that prices could drop below $3 a gallon by the summer.
At the start of his term in January, Mayor Mamdani had the Big Apple’s lenders in his corner — despite his plans to remake the Big Apple economy under his socialist agenda.
Mark Zuckerberg’s Meta is reportedly delaying the release of its next artificial intelligence model at least about two months after internal tests showed the tech falling short of rival models from Google, OpenAI and Anthropic.
BuzzFeed on Thursday flagged going concern doubts and said it will not provide a forecast for 2026 as it evaluates strategic options, sending the digital media company’s shares down 7% after the bell.
Two Live Nation employees bragged about slapping customers with exorbitant fees at the entertainment giant’s venues, saying “these people are so stupid” that “I almost feel bad taking advantage of them,” according to court documents released late Wednesday.
Oil went on an unprecedented roller coaster ride at the start of the week, with the price surging more than 30% to near $120 a barrel late Sunday – only to erase all of those gains just hours later.