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Aging population to hit U.S. economy like a ‘ton of bricks’ – U.S. commerce secretary FILE PHOTO: U.S. Secretary of Commerce Gina Raimondo speaks during a high speed internet event at the Eisenhower Executive Office Building s South Court Auditorium at the White House in Washington, U.S., June 3, 2021.REUTERS/Evelyn Hockstein July 12, 2021 By Andrea Shalal WASHINGTON (Reuters) – President Joe Biden does not yet have enough support from fellow Democrats to secure $400 billion in spending for at-home care for the elderly and disabled that the economy desperately needs, Commerce Secretary Gina Raimondo told Reuters on Monday. Raimondo, who is paying for round-the-clock care for her own 90-year-old mother, said America’s aging demographics were going to hit the country “like a ton of bricks” without increased federal aid, and warned the current situation was “untenable.”

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