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Showing posts from May, 2017

The Elephant in the Room: the Aging Population Worldwide

I believe that no government is handling the glut of Baby Boomers and older people well, and there's no time in recorded history to use as a reference or teacher. This Pew graph has a clear representation: http://www.pewglobal.org/2014/01/30/global-population/ The economic stagnation in Japan was the first warning shot across the bow for the world; other countries, including the USA, struggle to identify and implement solutions. China ended its one-child policy; Germany enacted a very liberal immigration philosophy; Russia and France offer financial incentives for couples to have children. In 2015, the World Bank reported 75 countries with fertility rates below 2.0, below amounts needed to replace the current population. http://data.worldbank.org/indicator/SP.DYN.TFRT.IN?year_high_desc=false   These statistics have a clear implication for economic growth. GDP generally grows as long as the working population grows. If the population stagnates or ages to the point that cons...