The percentage of each age group's population which works is in structural decline:
Teens since 1978 (get a haircut and get a real job);
College kids since 1989 (because they went to college more and more after that, duh);
Core adults 25-54 since the late 1990s (they keep getting knocked down but they mostly keep getting back up again 👍 -- this is a huge tranche with some people carrying the load more than others, and you know who you are);
Americans 55 and over since 2019 (the Great Recession didn't kill 'em, from which they made more than a nice recovery, but they are not going to recover from the pandemic era for decades to come because Peak Baby Boom turned 62 that year).



