BOA: ‘Secular Graying’ Poses Huge Risk To Labor Market

‘Secular graying’ isn’t a term that currently appears in many economic forecasts, but it is something investors should be keeping an eye om as it will have a major impact on the labor market and overall economy on according to analysts at Bank of America. In a report issued by Bank of America this wee, the bank’ global economists Adltya Bhave and Ethan Harris discuss how ‘secular greying’ is turning out to be a headwind to trend growth across developed markets as the retirement of the baby boom generation and low birth rates in subsequent generations are slowing labor force growth….