There Go The Baby Boomers
America's 65-and-older population is growing rapidly thanks to the aging Baby Boom generation.
This means more and more people are dropping out of the labor force and spending less and less money.
"The retirement wave is just starting," notes Gluskin Sheff's David Rosenberg. "This is the primary reason for the secular decline in the participation rate. Indeed, from 2010 to 2013, more than 60% of labor force dropouts were retirees — more than double the share for the prior three years."
Graphically, the trend is breathtaking.
Read more: http://www.businessinsider.com/chart-boomers-turning-65-2014-3#ixzz2xlmxgQYk
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