Contributors
Founder and Chair – LMFC
Vice Chair – LMFC
President and CEO – The Bank of Northern Michigan
SVP of Shared Services - LMFC
Senior Vice President, Traverse City Market Manager
Demographics play a critical part in a country’s ability to make their GNP grow and standard of living improve.  At a very basic level, more people represent a larger market for the goods we make, houses and apartments we live in, and services we require.  In the past, a growing American population has supported economic growth and has differentiated us from many other countries.  Europe, Russia, Japan, and now China are experiencing flat or falling population levels and their economies will be negatively affected.  The challenges of funding employee retirement and health care plans around the world are severely affected by changing demographic patterns. 
 
Take a moment and review the attached report.  Think about how it might affect you, your business, our country, and our standing in the world. 

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