|
|
 | | |  | | | Slideshow- Talkin’ ’bout my generation: The economic impact of aging U.S. Baby Boomers
Baby Boomers will shape the U.S. economy over the coming decades as they age and retire.
Launch slideshow | | Download slideshow (PDF - 691 KB) | | Averting a bust for the Boomers: The state of retirement preparedness and how to improve it
MGI director Diana Farrell presented the findings of Talkin’ ’bout my generation: The economic impact of aging U.S. Baby Boomers at an event hosted by The New America Foundation on Capitol Hill in Washington, DC.
Watch video
| | | |
 | | | Changing the fortunes of America's workforce: A human capital challenge
Global economic integration and technological advances have combined to produce permanent changes in the skill levels required to flourish in the U.S. labor market. Seventy-one percent of U.S. workers are in jobs unfavorable to robust income growth. While there is no single cause or "silver bullet" remedy for rising income dispersion, upgrading the productivity, skills, and rewards in the service sector is the key challenge.
Read More | | | Will U.S. consumer debt reduction cripple the recovery?
U.S. consumers are spending less and saving more. Unless incomes grow faster, each percentage point increase in the saving rate would reduce spending by more than $100 billion—a serious drag on any recovery.
Read more | | Why baby boomers will need to work longer
Most U.S. baby boomers are not prepared for their retirement. Boomers can help mitigate the consequences by remaining in the workforce beyond the traditional retirement age. That will require important changes in policy, business practices, and personal behavior.
Read more on the McKinsey Quarterly site | | Serving aging baby boomers
By 2015, the U.S. baby boomer generation will command almost 60 percent of net U.S. wealth and 40 percent of spending. While the conventional wisdom about boomers suggests they are widely affluent, only 25 percent are financially prepared for retirement and are aging with confidence.
Review summary | | From made in China to sold in China
As China transitions to more of a consumption-led economy, a massive middle class is expected to emerge.
Read more | | Accelerating India's growth through financial system reform
Addressing the inefficiencies in India's financial system could free up $48 billion of capital a year and raise the country’s real GDP growth to 9.4 percent a year.
Read more | | | |
|
