Final answer:
The claim that insurance companies are aiming to replace up to 50% of the workforce by the end of the decade due to an aging workforce is not supported by the provided references, which instead discuss broader economic and demographic challenges associated with the aging 'baby boom generation'. Therefore given statement is false.
Step-by-step explanation:
The statement that insurance companies are seeking to replace up to 50% of the workforce by the end of the decade due to an aging workforce is false. This specific information is not provided in the provided reference material. However, the provided references do discuss the larger context of an aging population and its impacts on the workforce and economy. The aging of the 'baby boom generation', often referred to as the 'graying of the United States', is leading to a higher proportion of the population being over sixty-five years old. As a result, there is an increased demand for housing in warmer climates, a shift in the need for elder care and assisted living facilities, and a growing concern about labor shortages and expertise gaps as this demographic retires.
The 'baby boomers' reaching retirement age will create an economic impact by altering the dependency ratio. The pertinent questions arising from this demographic shift include how to support Social Security, Medicare, and the anticipated financial pressure on pension plans, which raises issues about labor force participation and potential shortages. While the material suggests that changes in the workforce are imminent due to the aging population, it does not confirm the specific claim that insurance companies are targeting a 50% workforce replacement.