Economists call it the “old-age dependency ratio” - a rough measure of the balance between people who work and retirees.
The ratio compares the number of people over age 65 - classified as “old” - with those aged 15 to 64 - and it is not headed in a healthy direction: by 2040, there will be 2.7 working-age Americans for each retiree, down from 4.8 in …
