A Quiet Transformation in the American Economy: The Elderly

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There has never been a better time in America to be old. Yet it also exposes our disjointed national priorities. We keep pouring resources into making the elderly comfortable and happy when the economy’s pressure points lie elsewhere. 

According to Greg Ip for The Wall Street Journal, here's what else is happening on the quiet transformation in the American economy:

The elderly are mostly out of the job market and thus need not worry about being replaced by artificial intelligence. The majority own their homes, often debt-free. Everyone worries about health costs, but the elderly have publicly funded Medicare. None of this is true for young generations.

The elderly are a nation of optimists.  

If you are over 65, congratulations.  You own the economy. 

from The Global Small Business Blog https://ift.tt/cLw48MY