What’s really driving the economy—and how should investors think about it? In this podcast, John & Sam exchange perspectives on current events that are impacting our economy and influencing investment strategies. Trading Perspectives is hosted by Oakworth Capital Bank's Chief Investment Officer, John Norris along with Sam Clement, Associate Managing Director.
*Oakworth Asset Management is a registered investment advisor. All advisory services, including investment management and financial planning, are offered through Oakworth Asset Management, LLC, which is owned by Oakworth Capital Bank, member FDIC, Equal Housing Lender. Investment products and services offered via Oakworth Asset Management, LLC are independent of the products and services offered by Oakworth Capital Bank and are NOT FDIC INSURED, NOT BANK GUARANTEED, and MAY LOSE VALUE. The information, opinions, comments, statements, views or recommendations expressed should not be considered professional, tax or legal advice; or as an offer to buy or sell or to make or consider any investment or course of action. https://www.oakworth.com/ tradingperspectives@oakworth.com📄 Disclosures: oakworth.com/policy-center Member FDIC. Equal Housing Lender. Investments may lose value and are not bank guarantee.
Sep 10, 2018
The average age of US citizens is rising. In episode 5 of Trading Perspectives, Baby Boomer John Norris and co-host Sam Clement, Gen Z, discuss generational changes in the American workforce. In 1950 the economy had at it's disposal 8.1 people of working age for each person of retirement age. By 2030 that ratio is expected to have shrunk to just over 5.0. In 1950 the average age of the American worker was 29. Today it has risen to over 38. The personal savings rate is half of what it was in the 60s and 70s. Even if the average retiree had ample savings to sustain him or herself, which is hardly the case, those trends could leave the economy struggling to find enough workers to support the population's demands for good and services by the time Millennials and Generation Z hit retirement age.