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Loss of workers to retirement, slowing productivity of all age groups, could cut U.S. growth

The retirement of baby boomers in the decade between 2010 and 2020 will lower GDP growth per capita by 1.2 percentage point a year, a new study says.

By Jeanna Smialek | Updated on July 31, 2016
The retirement of baby boomers in the decade between 2010 and 2020 will lower GDP growth per capita by 1.2 percentage point a year, a new study says. (Photo: Getty)

(Bloomberg) — Population aging is expected to drag on U.S. growth, and the hit could be substantial. 

The retirement of baby boomers in the decade between 2010 and 2020 will lower GDP growth per capita by 1.2 percentage point a year from what would have been the case if the nation’s demographics had held steady, according to a National Bureau of Economic Research study out this week.

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