America's getting older — and that's good news for stocks: Deutsche Bank

📆 25/10/2023 11:20:00
📰 MarketWatch

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Steven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.

The aging of America is increasingly looked at as a burden, on worries the healthcare and pension spending will blow out at the same time the remaining workforce gets depleted.

They note that life expectancy has risen, and chart the rising median age as a proportion of life expectancy, which globally is now above 40% versus about 35% in 1986. Citing Fed data, in the U.S., those over 70 own 29.5% of corporate equities and mutual funds, up from 21.7% in 1990. The 55-to-69 bracket own 45%, up from 37.2% in 1990.

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