Bernanke warns US Congress: Mass retirements threaten economy
Bernanke warns US Congress to face issue of ageing populationGary Duncan, Economics Editor
Mass retirements threaten economy. Huge increase in welfare costs
US policymakers have already waited too long to begin tackling budget stresses from America’s ageing population and must act soon if the impact is not seriously to undercut future economic prospects, the Federal Reserve’s Chairman warned the US Congress yesterday. In his toughest warning yet over the fiscal and economic fallout from the impending retirement of 78 million American baby-boomers, the oldest of whom will start to retire next year, Ben Bernanke urged US political leaders to move swiftly to confront the issue.
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posted by Victor Lloyd Smith @ 12:00 AM
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