The 'golden age' effect

Bruce Yandle analyses the impact of America's aging population on government and the economy

America is fast becoming a nation of old people. Economist Bruce Yandle, in this piece that appeared in a publication called The Hill, explains the impact of this demographic on the economy and on government (which is also dominated by aging folk!).

Here’s how he begins:

Somewhere around 17.7 percent of the U.S. population is now over 65 years old — the h…