There are more people older than 65 than younger than 5 for the first time... changing the world

markets.businessinsider.com ^ | Feb. 20, 2019, 09:06 AM | Rebecca Ungarino

[Red Badger]

The world's population is aging while many countries' birth rates fail to keep up. There are now more people over the age of 65 than there are under the age of five - a dispersion that's never occurred before, according to Deutsche Bank. The data point is part of a broader trend with widespread consequences for productivity, inflation, and global growth, economists say. Fund managers are taking notice of "secular stagnation" conditions often associated with persistent low inflation and low growth, and adjusting their allocations accordingly.

The world's population isn't getting any younger. In fact, it's getting much, much older. And that has sweeping implications for global growth, economists contend.

There are now more people on Earth older than 65 than younger than five for the first time, according to a Deutsche Bank analysis of United Nations data, Haver Analytics data, and the firm's global research.

The extreme data point underscores a broader economic trend that some economists are warning clients about: declining fertility rates lead to an aging population, which is thought to usher in depressed productivity, labor-force participation, and stagnant inflation. More indirect results of declining birth rates may also have an impact on macroeconomic factors like homeownership.

[COBOL2Java]

The thing I would be most worried about is how senior discounts are going to affect the economy when more people are asking for them.

Hey, leave my senior discounts alone! :0)

[Red Badger]

I’m a senior and I hardly ever ask unless my wife urges me to. It’s too embarrassing..................