An aging population and slower labor force growth are contributing to a slower rate of increase in U.S. living standards.

Question

Quizplus · Accepted Answer

An aging population leads to a higher dependency ratio, with fewer workers supporting more retirees, which can slow economic growth. Slower labor force growth reduces the rate at which the economy can expand, both factors contributing to a slower increase in living standards.

An Aging Population and Slower Labor Force Growth Are Contributing