New York (CNN Business) America's population is aging and Millennials are having fewer kids than older generations did. That's a risk to the US economy that is not receiving as much attention as concerns about interest rates, the trade war and corporate earnings. The longer-term risk of slowing population growth "poses particular economic challenges," said David Kelly, chief global strategist with JPMorgan Funds, in a recent report. Kelly will talk about this, as well as other factors affecting the markets and global economy, with CNN Business editor-at-large Richard Quest on the "Markets Now" live show Wednesday at 12:45 pm ET. 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."
Source: CNN May 28, 2019 14:48 UTC