Aging America Works and Invests Longer, Avoiding Fiscal Crisis

America's population is aging, but people are living and working longer than before. This could avoid a fiscal crisis.

Life expectancy has increased, so the median age globally is now over 40% of total life expectancy, versus 35% in 1986.

People are working past retirement age, so they will need higher investment returns and more stocks than bonds.

Those over 70 in the U.S. own 29.5% of stocks, up from 21.7% in 1990. Stock ownership rises with age.

The U.S. has a larger share of 30-44 year olds than Europe or China. This group drives growth and consumption.