The demographics of the U.S. population in the next five decades will be different from what we have experienced in the past. The minority population, which is everyone other than ethnically white people, will become the numerical majority after 2043. The U.S. has become more diverse racially and ethnically with differing patterns of longevity and health needs. The social costs of aging will be increasingly difficult to anticipate, with the federal and state governments increasing their roles in making payments as social welfare expenses.
CONCLUSION: Based on a review of the current retirement trust funds, the US economy will not be in a position to support the senior population unless there is a corresponding increased in the GNP, which appears unlikely at this time.