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A Generation Of Old People Is About To Change The Global Economy
BI ^ | 4-27-2014 | The Economist

Posted on 04/27/2014 7:52:15 AM PDT by blam

A Generation Of Old People Is About To Change The Global Economy

The Economist
Apr. 27, 2014, 9:22 AM

  

In the 20th century the planet’s population doubled twice. It will not double even once in the current century, because birth rates in much of the world have declined steeply.

But the number of people over 65 is set to double within just 25 years.

This shift in the structure of the population is not as momentous as the expansion that came before. But it is more than enough to reshape the world economy.

According to the UN’s population projections, the standard source for demographic estimates, there are around 600m people aged 65 or older alive today. That is in itself remarkable; the author Fred Pearce claims it is possible that half of all the humans who have ever been over 65 are alive today. But as a share of the total population, at 8%, it is not that different to what it was a few decades ago.

By 2035, however, more than 1.1 billion people--13% of the population--will be above the age of 65. This is a natural corollary of the dropping birth rates that are slowing overall population growth; they mean there are proportionally fewer young people around. The "old-age dependency ratio"--the ratio of old people to those of working age--will grow even faster. In 2010 the world had 16 people aged 65 and over for every 100 adults between the ages of 25 and 64, almost the same ratio it had in 1980. By 2035 the UN expects that number to have risen to 26.

(snip)

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: aging; economy; seniors; ss
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To: Little Bill
"Blam; you and I are about the same age. I retired when I started doing the same things twice. "

Yup.

I retired at age 50.

My plan was/is:

* 25 years to grow-up and educate.

* 25 years of hard work.

* 25 years of leisure in retirement.

(I'll be 71 this year)

I feel grateful to have been born at the best time in history, in the best country and living conditions in all of human history.
I live better than most kings and royalty in all of human history...how could I have been more fortunate?

21 posted on 04/27/2014 11:17:03 AM PDT by blam
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To: blam

A generation of old people are about to be killed off by obastard care.


22 posted on 04/27/2014 1:46:32 PM PDT by Old Yeller (Why is Jon Corzine a free man?)
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