Your grandparents are the reason the U.S. isn’t in a recession right now. That won’t last forever

By Eleanor Pringle

The U.S. economy has a love-hate relationship with its ageing population. In the long term, an older population is a headache: It means a shrinking labor pool leading to slower growth, and increased social care costs.

On the other hand, the United States’s older generations are the ones—directly or indirectly—keeping the economy out of a recession at the present moment.

Take the labor market. According to the Federal Reserve Bank of Richmond, 97% of net private-sector job creation in 2025 was in health care and social assistance. January’s jobs report was much the same: Of the 130,000 jobs the Bureau of Labor Statistics reported the economy added in the first month of 2026, 82,000 were in health care…

READ FULL ARTICLE HERE… (fortune.com)

 

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