Boomer or bust: How demographic shifts are changing U.S. banking.(ECONOMIC OUTLOOK)

The U.S. is undergoing a demographic transformation driven by three intertwined forces: an aging population, declining birth rates and shifting immigration patterns. The U.S. old-age dependency ratio–the number of seniors per 100 working-age people– rose from 20 in 2005 to 29 in 2020 and is projected to reach 36 by 2030 under the Social Security…