Specifically, the year-on-year rate of change in scheduled cash earnings turned positive reflecting a rise in base pay by many firms – the first increase in many years. In addition, special cash earnings have clearly risen due mainly to an increase in summer bonuses. Furthermore, the number of employees has been growing.
Currently, there are about five individuals between the ages of 20 and 64 for each person aged 65 and older. By 2030, when most of the baby boomers will have retired, this ratio is projected to decline to around 3.