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Old people are ruining it for the rest of us, at least that’s what a group of economists think.
A working paper published Monday by the National Bureau of Economic Research, which studied the effects of the aging of the American population on economic growth, found that old people could be the reason the economy has been more sluggish the last few years than expected. The researchers found that the U.S.’s aging population is cutting as much as 1.2 percentage points off of per capita GDP growth, which is a huge amount if you think of how slow GDP has been growing recently.
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