Wednesday, September 17, 2014
MUSEUM OF AMERICAN FINANCE
48 Wall Street | New York, NY 10005
Tel: 212.908.4110 | Fax: 212.908.4601
Over the next three decades, aging populations in the United States, Europe and Japan will begin to threaten our way of life. The ever-increasing pool of retirees will burden relatively diminished workforces, slowing the pace of growth and straining public and private finances. In stark contrast, emerging economies will enjoy the benefits of large, youthful and eager workforces. These differences will set the tone for decades to come. But contrary to much of the media’s downbeat treatment of the issue, we can survive, even prosper. The doomsayers – and there are many – mistakenly assume that people, firms and governments will sit by passively when, in fact, history shows that they will do whatever it takes to protect their prosperity. Thirty Tomorrows shows that there is much they can do: lengthening careers, bringing more women into the workforce, increasing and better targeting immigration and heightening the pace of globalization. These efforts, however, will require radical adjustments that will ultimately alter the focus of these economies, the nature of their workplaces, government policy and even the way Americans, in particular, think about themselves.
Milton Ezrati, a New York native, has spent more than 40 years in finance. He is presently senior economist and market strategist for Lord, Abbett & Co. and an affiliate of the Center for the Study of Human Capital at the State University of New York at Buffalo. Thirty Tomorrows is his second book.
Talk will be followed by Q&A and book signing. $5 tickets include Museum admission. Museum members and students are admitted free. Feel free to bring your lunch.