mybudget360.com / Nov 6, 2016
There is truly a silent majority in the United States and those are people that are not in the labor force. It is hard to believe but since January of 2009 we have added a whopping 14 million Americans to the already staggering number of adult Americans that are not in the labor force. Many older Americans are fully reliant on Social Security and are one missed direct deposit from being out on the streets and starving. Adults not in the labor force are largely ignored because they have weak purchasing power. Who is going to advertise to them? Yet this massive group makes up nearly one-third of the entire population. Are we heading to 100,000,000 adult Americans that will no longer be in the labor force?
The not working silent majority
The number of adult Americans not in the labor force has ballooned to ridiculous proportions. This has far outpaced any standard retirement projections. Back in 2006, we had 77,339,000 people that were not in the labor force. Today it is up to 94,609,000 (a stunning increase of 17,270,000 in just ten years).
Take a look at the figures: