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How a State's Age Affects Its Economy
Governing: As the nation's median age ticks up, recent research from S&P Global Ratings has warned that an older population may burden states' economic growth. As it turns out, a state's own age may also be an economic burden.
That's the suggestion from researcher William Bergman, a former financial markets analyst for the Federal Reserve Bank of Chicago and now director of research for the state debt transparency organization Truth in Accounting. Analyzing data from its annual "Financial State of the States" report, Bergman found that the longer a state has been around, the more likely it is to have financial problems.
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