Migration shifts will shape the credit trajectory of US Public Finance by Moody's Investors Service

Aging populations have been an ongoing concern across the world in recent years, and the United States is no exception. This infographic in particular highlights how aging populations, exacerbated by localized migration patterns, may become a concern for certain employment markets and public organizations across the United States over the course of the next 10 years.

States typically seen as hubs for business and economic activity, such as New York, Illinois, and California, could see a reduction to their available workforce. This coupled with the backdrop of overall population decline and a growing number of retirees would have an impact on the budgets, operations, and credit reliability of US public finance entities, such as local and state governments, which depend on the taxes paid by their working population.

The US may have to adopt a greater reliance on foreign workers to offset domestic population and migration shifts in the coming years.