In a recent Bloomberg editorial, Conor Sen highlights the significant impact of older Americans on the U.S. economy, noting their resilience amid labor market uncertainty and housing challenges. With a record average age of homebuyers at 56 and increasing Social Security beneficiaries, older Americans are a vital force preventing recession. Sen mentions the growing number of Social Security recipients, which reached 1.8 million in the past year, contributing to job openings and sustaining economic activity through increased consumption, even as growth slows.
Older Americans are less affected by labor market uncertainty and housing struggles, helping to fuel the economy during a weak economic cycle.
The number of Social Security beneficiaries has reached a record, contributing significantly to job openings and economic activity in the United States.
Collection
[
|
...
]