USA is more youthful than other developed countries, key to sustained growth

The USA has a higher birthrate and more immigration than other developed countries.  Economies grow due to the combination of 1) People – a growing work force and a growing consumer population, 2) Productivity – profits and rising income per capita = purchasing power and low inflation, and 3) Capital – access to growth capital and a global reserve currency to drive trade.  The advantage of persistent growth in the 15 to 64 age cohort in the U.S. cannot be overstated.  The chart below was published in a provocative article by Joel Kotlin in entitled “America’s Demographic Opportunity” which is linked as follows: newgeography .  A youthful population can drive more facile technology adoption and hence productivity gains that can help mitigate the aging of Baby Boomers.  Jeb Terry, Sr. Nov. 6, 2011

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