Join our Hedgeye Demography analyst Neil Howe on a monthly research odyssey, as we dive into the latest news that loomed largest on his radar screen the past month.
Last month, we examined the future of US productivity, changing trends in the average retirement age, and the rise in domestic gun manufacturing.
Here are my top insights from August 2022.
The Macro Show (8/19)
During the month, I guest hosted the Macro Show with my fellow demography analyst Christian Ford. We analyzed three hot macro topics: US productivity, Italy's upcoming election, and the new global population projections from the UN.
Since 1991, the average US retirement age has risen four years to 61. Most recently, however, the share of Americans in older age brackets who are working has largely stopped growing.
According to a new government report, the number of guns manufactured in the US has nearly tripled since 2000. Gun purchases have also shifted over time, with handguns now outselling rifles.
Millennials are more likely to identify as political independents as they age. Conversely, the Silent and Boom Generations are more likely to identify with one of the two major political parties.
Rockstar Games, the makers of Grand Theft Auto, has cleaned up its frat-boy act. The poster child of bad behavior is now removing controversial jokes from its games and pledging to treat its employees better.
As always, I encourage you to visit Demography World where you can find an archive of all our work. Your subscription includes daily NewsWires, other reports, and videos.
Managing Director, Demography
* * *
ABOUT NEIL HOWE
Neil Howe is a renowned authority on generations and social change in America. An acclaimed bestselling author and speaker, he is the nation's leading thinker on today's generations—who they are, what motivates them, and how they will shape America's future.
A historian, economist, and demographer, Howe is also a recognized authority on global aging, long-term fiscal policy, and migration. He is a senior associate to the Center for Strategic and International Studies (CSIS) in Washington, D.C., where he helps direct the CSIS Global Aging Initiative.
Howe has written over a dozen books on generations, demographic change, and fiscal policy, many of them with William Strauss. Howe and Strauss' first book, Generations is a history of America told as a sequence of generational biographies. Vice President Al Gore called it "the most stimulating book on American history that I have ever read" and sent a copy to every member of Congress. Newt Gingrich called it "an intellectual tour de force." Of their book, The Fourth Turning, The Boston Globe wrote, "If Howe and Strauss are right, they will take their place among the great American prophets."
Howe and Strauss originally coined the term "Millennial Generation" in 1991, and wrote the pioneering book on this generation, Millennials Rising. His work has been featured frequently in the media, including USA Today, CNN, the New York Times, and CBS' 60 Minutes.
Previously, with Peter G. Peterson, Howe co-authored On Borrowed Time, a pioneering call for budgetary reform and The Graying of the Great Powers with Richard Jackson.
Howe received his B.A. at U.C. Berkeley and later earned graduate degrees in economics and history from Yale University.