abu afak
ALLAH SNACKBAR!
- Mar 3, 2006
- 7,240
- 2,570
This has profound implications for Govts, economies, and political systems.
Western economies and Social systems have always been based on a Growing population/with a large young worker pyramid base, not heavy top.
Keynesian economics probably doesn't work in shrinking scenarios either.
"We're about to see a Mind-blowing Demographic Shift Unprecedented in Human History"
Demographic shift more older adults than children - Business Insider
Elena Holodny - May 16, 2016
(Charts within)
Western economies and Social systems have always been based on a Growing population/with a large young worker pyramid base, not heavy top.
Keynesian economics probably doesn't work in shrinking scenarios either.
"We're about to see a Mind-blowing Demographic Shift Unprecedented in Human History"
Demographic shift more older adults than children - Business Insider
Elena Holodny - May 16, 2016
(Charts within)
The world is about to see a mind-blowing demographic situation that will be a first in human history: There are about to be more elderly people than young children. For some time now, demographers and economists have observed that the proportion of elderly adults around the world is rising, while the proportion of younger children is falling.
But within a few years, just before 2020, adults aged 65 and over will begin to outnumber children under the age of 5 among the global population, according to a chart shared by a Bank of America Merrill Lynch team led by Beijia Ma, citing an earlier report from the US Census Bureau. And these two age groups will continue to grow in opposite directions: The proportion of the global population aged 65 and up will continue to increase, while the proportion of the population aged 5 and under will continue decreasing.
In fact, according to the Census Bureau, by 2050 those ages 65 and up will make up an estimated 15.6% of the global population — more than double that of children ages 5 and under, who will make up an estimated 7.2%.
As the BAML team explained in greater detail:
"...and life expectancy increasing by 1Y every 5Y. We are arriving at 'peak youth' for the first time in human history with the number of persons aged 65+ expected to outnumber children under-5 by the end of this decade. Aging has also become a universal phenomenon, and by 2050E, 80% of older people will live in EMs. Life expectancies of 300-400Y or even an infinite extension of life expectancy may be within reach in our lifetimes."
"This unique demographic phenomenon of the 'crossing' is unprecedented," the Census Bureau's authors noted earlier.
[......]
But within a few years, just before 2020, adults aged 65 and over will begin to outnumber children under the age of 5 among the global population, according to a chart shared by a Bank of America Merrill Lynch team led by Beijia Ma, citing an earlier report from the US Census Bureau. And these two age groups will continue to grow in opposite directions: The proportion of the global population aged 65 and up will continue to increase, while the proportion of the population aged 5 and under will continue decreasing.
In fact, according to the Census Bureau, by 2050 those ages 65 and up will make up an estimated 15.6% of the global population — more than double that of children ages 5 and under, who will make up an estimated 7.2%.
As the BAML team explained in greater detail:
"...and life expectancy increasing by 1Y every 5Y. We are arriving at 'peak youth' for the first time in human history with the number of persons aged 65+ expected to outnumber children under-5 by the end of this decade. Aging has also become a universal phenomenon, and by 2050E, 80% of older people will live in EMs. Life expectancies of 300-400Y or even an infinite extension of life expectancy may be within reach in our lifetimes."
"This unique demographic phenomenon of the 'crossing' is unprecedented," the Census Bureau's authors noted earlier.
[......]
