10,000 Retiring Baby Boomers every day. Every Day, for the next 20 years. Locally and nationally, even globally, this is our new demographic normal – an aging population with fewer and what baby boomers would have you believe, “less talented” workers to replace them.
United States birth rate (births per 1000 population). The red segment from 1946 to 1964 is the postwar baby boom.
Bigger than huge, this is a monumental generational shift that will affect numerous aspects of our lives – opportunities, obligations, and financials. State Economist, Dr. Stinson, recently spoke on the new normal in his Economic Outlook, noting “As a significant portion of our [Minnesota's] population ages, there is not much in the way of labor force growth to replace these individuals.”
