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This is probably the reason. There was a spike in retirements during covid. But more importantly, the number of retirees by year is above average too: https://w
by nine_zeros 4y ago
This is probably the reason. There was a spike in retirements during covid. But more importantly, the number of retirees by year is above average too: https://www.stlouisfed.org/on-the-economy/2022/january/great-retirement-who-are-retirees https://www.stlouisfed.org/on-the-economy/2022/january/great...
- nyokodo 4y agoThe bulk of the baby boomers have just hit retirement age, we have a much smaller GenX to inadequately replace them on the experienced end, a career-stunted Millennial generation filing in the middle, and an even smaller than GenX Zoomer generation joining the lower ranks. It’s a mess, but if the Millennials catch up and have enough kids then we’ll have a light at the end of the tunnel in 20 years.
- nine_zeros 4y ago> if the Millennials catch up and have enough kids This is a big "if" and as a millenial, I don't see any signs of people wanting to have more than 1 kid. They have struggled throughout our life and don't want to sacrifice more.
- formerkrogemp 4y agoLet's not downplay the deaths due to covid and lack of immigration playing a role. It's almost never just the one thing.