Business Breaking News

The Canadian Press - ONLINE EDITION

White House: As economy mends, long-term challenges of aging population remain

By: Jim Kuhnhenn, The Associated Press

Friday, Mar. 15, 2013 at 3:56 PM | Comments: 0

WASHINGTON - The White House says the economy is mending, though it remains vulnerable and faces increasing long-term challenges from an aging population.

The annual Economic Report of the President portrays an economy that "unquestionably stands on firmer ground" than when he assumed office in 2009, but says the aftereffects of the recession still linger.

In the report, President Barack Obama says that though the economy is adding jobs, too many Americans still can't find full-time employment.

The report gives a sober assessment of an aging population, noting that the only major age group that will grow faster over the next 30 years than it did during the last 60 years is people aged 65 and up. An older America means greater demands on government services, a smaller workforce and less household consumption.

Rate this
This article has not yet been rated.

We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

You can also register and/or login to the site and join the conversation by leaving a comment.

Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Comments

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Comment

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.