Monthly Archives: July 2013

2 percent, this would fund only a couple more years of

Gains in worker productivity can help offset the reduction in workers per retiree. But even if annual productivity growth rose to a steady 3.5 percent a year, compared to the long term average of 2.2 percent, this would fund only a couple more years of retirement needs, Siegel said, adding that a sustained 3.5 percent level is very unlikely. Immigration may produce more workers, he added, although it would take hundreds of millions of immigrants to solve the worker retiree disparity over the next half century..

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