Aging workforce : what does it mean for businesses and the economy? : hearing

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Page 112 - Century Challenges: Reexamining the Base of the Federal Government, GAO05-325SP (Washington, DC: February 2005).
Page 113 - GAO's commitment to good government is reflected in its core values of accountability, integrity, and reliability. The fastest and easiest way to obtain copies of GAO documents at no cost is through GAO's Web site ( Each weekday, GAO posts newly released reports, testimony, and correspondence on its Web site. To have GAO e~mai.i you a list of newly posted products every afternoon, go to and select, "Subscribe to Updates.
Page 96 - The highlights summarized in this report do not necessarily represent the views of any individual participant or the organizations that these participants represent, including GAO. I want to thank all the forum participants for taking the time to share their knowledge, insights, and perspectives. We at GAO will benefit from these insights as we carry out our work for the Congress and the country. I look forward to working with the forum's participants on this and other issues of mutual interest and...
Page 85 - APPWP is a public policy organization representing principally Fortune 500 companies and other organizations that assist employers of all sizes in providing benefits to employees. Collectively, APPWP's members either sponsor directly or provide services to retirement and health plans covering more than 100 million Americans.
Page 94 - The combination of these trends means that labor force growth will begin to slow after 2010 and by 2025 is expected to be less than a fifth of what it is today, as shown in figure 2.
Page 12 - Without a major increase in productivity or increases in immigration, low labor force growth will lead to slower growth in the economy and to slower growth of Federal revenues.
Page 25 - February 28, 2007 Statement of Donald L. Kohn Vice Chairman Board of Governors of the Federal Reserve System before the Special Committee on Aging United States Senate February...
Page 86 - Indeed, 60% of workers in this survey said they would continue to work even if they had enough money to live comfortably for the rest of their lives. 5 Thus, increasing numbers of older Americans are leaving the labor force gradually, utilizing "bridge jobs" between full-time career employment and complete withdrawal from the labor force.
Page 12 - GAO-07-433T centurv> older Americans are expected to make up a larger share of the US population, live longer, and spend more years in retirement than previous generations. The share of the US population age 65 and older is projected to increase from 12.4 percent in 2000 to 19.6 percent in 2030 and continue to grow through 2050.
Page 4 - I assume that my entire statement will be entered into the record, Mr. Chairman The CHAIRMAN. Without objection. Mr.

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