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?
