Business Web Site of the Week - Social Security Administration

The aging of America is one of the top ten risks to business, according to a recent report. But, remain calm. As you know, better understanding the risks facing your business can help you to better overcome them.

Perhaps the best place to learn more about older Americans is through the Social Security Administration. But it might also be the most confusing. So, start here: “Congressional Statistics” provides 2007 stats on retired and disabled workers (scroll down for state-by-state reports). “Income of the Population 55 or Older” looks at income sources, and provides demographic breakdowns. And “Expenditures of the Aged” provides all sorts of info on how older consumers spend money.

The more you know about the older consumers and workers in your area or industry, the better you’ll be able to determine how their aging will affect your business.