Rudolf E. Havenstein
Truly a remarkable chart: all the labor force participation growth since 2000 has been in the 65 and over crowd.pic.twitter.com/dnVxbdGjLd
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So much for the "labor force participation has dropped because Boomers are retiring" meme.
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For every "Why would I quit working? I love it. It keeps me young!" person there are probably 10 at a Carl's Jr or Walmart trying to survive
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@RudyHavenstein with all due respect - you know i love ya - but it's the fact that i have to keep working that is killing me -
@nysepete Well, at least there's no inflation -
@RudyHavenstein if anything - my need to work til i die is a cause of deflation.... as in my ego
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"The average 65-year-old borrower has 47% more mortgage debt than those in 2003"http://www.wsj.com/articles/new-york-fed-finds-large-increase-in-debts-held-by-those-over-age-50-1455289257 …
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@RudyHavenstein and 169% more aggregate debt, oddly the WSJ skipped that parthttp://www.zerohedge.com/news/2016-02-12/baby-boomers-are-drowning-loans-debt-average-67-year-old-soared-169-past-12-years … -
@zerohedge you say "169% more aggregate debt" like that's a bad thing. - Show more
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@RudyHavenstein aging population, aka Japan II -
@noalpha_allbeta and young people leaving workforce amid bad job market http://mishtalk.com/2016/02/05/core-employment-age-25-54-still-below-january-2000-level-3-million-below-2007/ … -
@RudyHavenstein have you seen anything floating around that had average age of us population over the years? -
@noalpha_allbeta no, but i'll look
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@RudyHavenstein Labour participation increases among those with a work ethic. Agorists don't go for wages, so our work won't show. -
@digitalcashally Glad the Agorists are keeping busy then.. -
@RudyHavenstein Keeping busy and not contributing to the establishment/state/mess. -
@digitalcashally Oh, I guess that makes me an Agorist! :) -
@RudyHavenstein Then "you are doing it right!" Thank you.
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Pete
zerohedge
HedgedIn
Digital Cash
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