We are all getting older one day at a time. it has been that way for as long as any of have lived so what's the big deal. The big deal is the accumulative effect that this is starting to have not just in the USA but globally. People want to work longer (not sure why) and the workforce today can sometimes span teenagers to octogenarians.
The consequences are many ranging from talent shortages to the cost of compensation and benefits. The scary reality is that like many issues where the change is imperceptible for many years the problems and challenges go unnoticed until they are inevitable.
The positives are that the fitter, healthier aging population is a source for economic growth as they continue to be active consumers of a wide mix of products and services for much longer. This offset against a natural perception of negativity that this aging population is a drain on resources and that younger generations will become burdened by caring.
In a world where we are bombarded by noise on talent shortages perhaps the forward thinking organisations will see this as an opportunity to tap into an "unwanted" pool of talent, it will require some different policies, potentially different workplace environments amongst other things.
it is a reality coming to a country near you, what are your plans?
Before our eyes, the world is undergoing a massive demographic transformation. In many countries, the population is getting old. Very old. Globally, the number of people age 60 and over is projected to double to more than 2 billion by 2050 and those 60 and over will outnumber children under the age of 5. In the USA, about 10,000 people turn 65 each day, and one in five Americans will be 65 or older by 2030. By 2035, Americans of retirement age will eclipse the number of people aged 18 and under for the first time in history. The reasons for this age shift are many — medical advances that keep people healthier longer, dropping fertility rates, and so on — but the net result is the same: Populations around the world will look very different in the decades ahead.