It may be true that aging slows down an economy, but not necessarily, some economists say.
"You can see the hand-wringing from Berlin to Boston, Toronto to Tokyo: Low birthrates and aging populations spell disaster for rich nations. They'll overburden children with financial obligations to their elders, rend social safety nets, and push economies into neutral.
...The McKinsey Global Institute in New York has just published a lengthy study of the US, Japan, Germany, Britain, and Italy, which account for two-thirds of global financial assets. Its key conclusion is that growth in household financial wealth over the next 20 years will slow by more than two thirds, from 4.5 percent historically to 1.3 percent."
Thanks to Chris Steins
Read the full story: A smaller population? There are benefits.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Amtrak, CN end decades-long dispute with eight-year agreement
The new operating agreement establishes an updated framework for the companies to work together, including processes to resolve disputes.
Judges permit Denver to divert 77,000 acre feet from the Colorado River for reservoir expansion
Overuse and climate change have caused the Colorado River’s water levels to plummet.
How ‘post-disaster gentrification’ alters neighborhoods after natural calamities
After hurricanes, fires or other calamities, the original residents of a community are often replaced by younger, wealthier residents.
Maryland local governments examine if they should have more power to raise property taxes
Maryland’s housing market is out of reach for the majority of moderate-income residents.
Northwest rail fans eager for Sept. 30 debut of Amtrak’s Airo fleet
Get ready for that new train smell and more seats. But they won’t go faster or run more frequently on the Cascades route in Washington and Oregon.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
Harvard University Graduate School of Design
KFH Group Inc.
Greater Baltimore Committee
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello