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Workforce trends drive declining standard of living

By 2030, the U.S. standard of living could decline by as much as 9 percent, dropping it back to the 2000 level, Accenture says.

By Dan Cook | Updated on July 30, 2014
Job seekers and recruiters meet during a job fair in Philadelphia in June. (AP Photo/Matt Rourke)

Experts have been predicting it, well, for generations now: that the upcoming generation may be the first to experience a lower standard of living than its preceding generation. Now, a comprehensive global study of economic and demographic trends argues that this time it could really happen.

The forecast comes from consulting giant Accenture. The company commissioned a study that crunched considerable data related to world population patterns, economic shifts and workforce trends. Its conclusion: By 2030, the U.S. standard of living could decline by as much as 9 percent, dropping it back to the 2000 level.

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Dan Cook

Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.

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