Just a few weeks ago, the Federal Reserve Bank of San Francisco was saying that enhanced immigration would result in boosted productivity, enhanced investment and general economic awesomeness. Today, the West-Coast central bankers are hanging their hats on the rehiring of people who’ve left the workforce as the recession deepened. To wit: Teenagers Read More
America’s load of old people — already large and getting larger — could spell shrinkage for the economy, according to an analysis by Lombard Street Research reported by the Financial Times.
As the first wave of baby boomers turns 65 next year, many of them will be unable to retire, because their main sources Read More
The Parks Department is considering setting aside part of John Jay Park for senior citizens, according to an article in Our Town.
The park is, rather unsurprisingly, on the Upper East Side, a neighborhood rife with senior citizens:
The southeast corner of the park, which is between East 76th and 78th streets by the Read More