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Economic Impacts of an Aging Population -- Telephone News Briefing Sept. 25

 

The United States is at the start of a major demographic shift in which people over age 65 will make up an increasingly large percentage of the population over the next four decades.  Aging and the Macroeconomy: Long-Term Implications of an Older Population, a new congressionally mandated report from the National Research Council, examines the economic challenges facing the United States as a result of this population shift and provides a factual foundation to inform future social and policy decisions that will shape the nation’s response. 

 

The report investigates the capabilities of government to maintain current levels of publicly funded support for older people, trends in retirement ages and the prospects of people working longer, and the levels of personal savings necessary to maintain current living standards in retirement for a range of economic scenarios.

 

Study committee co-chairs Roger W. Ferguson, CEO of TIAA-CREF, and Ronald D. Lee, professor of demography and economics, University of California, Berkeley, will discuss the report’s findings and recommendations during a one-hour telephone news briefing starting at 2 p.m. EDT Tuesday, Sept. 25. 

 

DETAILS:

Advance copies will be available to reporters starting at 1 p.m. EDT Monday, Sept. 24.  The report is embargoed and not for public release before 2 p.m. EDT Tuesday, Sept. 25.  Reporters: to obtain an embargoed copy and receive call-in information for the telephone news briefing, contact the National Academies’ Office of News and Public Information; tel. 202-334-2138 or email news@nas.edu.