Changing Tides: Americans Are Aging, Having Fewer Kids

“America's population is aging and Millennials are having fewer kids than older generations did,” according to an article on CNN Business .

According to David Kelly, chief global strategist with JPMorgan Funds, “the longer-term risk of slowing population growth ‘poses particular economic challenges,’” the article said.

“Kelly said that the combination of retiring boomers and a shortage of working-age Americans creates a problem that is ‘particularly awkward for the economy.’ He added that this trend should ‘persist throughout the 2020s,’” the article said.

The article listed decreasing “home building and auto sales,” a slowing of “earnings growth” and “returns in general to be lower” as probable effects. Other anticipated effects include a shrinking workforce and a compensatory increase in automation, the article said.

The one segment that stands to continue growing amid funneling population ages and the so-called ‘ silver tsunami ’? Home care services for seniors.

Katie LaTour is a staff writer for 1851 Franchise and Estatenvy. She has experience in copywriting, editing and translation, and has written content for brands including Coca-Cola, Ivivva and Ray Ban's. She holds a Master of Arts in Writing and Publishing from DePaul University and a B.A. in English and Spanish from the University of Dayton. Presently, Katie is working on a poetry collection and building a platform for Chicago creative professionals to share best practices.