Will U.S. demographics be improving?

For just a while?  Keep in mind that an aging population still can be moving more people into prime working age:

Changes in demographics are an important determinant of economic growth, and although most people focus on the aging of the “baby boomer” generation, the movement of younger cohorts into the prime working age is another key story in coming years…

The prime working age population peaked in 2007, and appears to have bottomed at the end of 2012.  The good news is the prime working age group has started to grow again, and should be growing solidly by 2020 – and this should boost economic activity in the years ahead.

That is from Bill McBride at Calculated Risk.  Check out this St. Louis Fed graph, via Conor Sen.

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