The Longevity Economy: Gigantic and Getting Bigger

“From what I’ve seen, they’re generally expecting the record-breaking U.S. expansion to continue at a middling 2% pace in 2020. Among the factors routinely listed as preventing faster growth is the demographics of aging: The rising ranks of retirement-age Americans, many experts say, is bad for the economy.

They’re wrong. This timeworn economic dictum is not only outdated, it ignores changes in American society that are turning an aging population into more of an economic and social asset than ever.”