The issue is and continues to be the LFPR which has been forecast to decline due to demographics, the problem is its been declining much faster than forecast. W

The issue is and continues to be the LFPR which has been forecast to decline due to demographics, the problem is its been declining much faster than forecast. Which is because those within the peak working age population are not participating at the historical average, while those who are supposed to be retired continue to work to make ends meet. https://www.stlouisfed.org/publications/regional-economist/october-2013/a-closer-look-at-the-decline-in-the-labor-force-participation-rate https://www.stlouisfed.org/publications/regional-economist/o...