Not only will it be the first time in human history that this has happened, but it will probably cause an economic crisis.
For the first time in human history those over the age of 64 will outnumber those under the age of five. According to Newser.com, this “unprecedented” situation will arrive before 2020.
And it will get worse from there.
By 2050, the older demographic will make up about 16% of the world’s population, while those in the younger demographic will make up just 7.2%. In the US, the elderly population is rising, but not as fast as in other countries, notes the Wall Street Journal. The US in 2015 had nearly 15% of its population 65 and older (48 million people). By 2050, that is anticipated to rise to 22.1% (88 million).
Trending: Sour Lemon
This will be a disaster.
One reason this will be a disaster is that most wealthy nations have promised their citizens some kind of public pension when they get old. In the U.S., this is known as Social Security. And, invariably, these pensions are underfunded. Rather than collect revenue to pay for future benefits, the governments are actually relying on current taxpayers to fund these pension benefits. For example, the money put into social security was “invested” in U.S. Treasuries. But Treasuries are nothing but loans to the U.S. government. So current payments going “into Social Security” are funding current government spending. When that money has to be paid back, the government will have to make taxpayers cough up the funds.
But now for the first time in human history there are a shrinking number of able workers and an expanding number of elderly. How can they support all those people?
Another reason is immigration. In 2015, the “oldest” countries were Japan, Germany, Italy, Greece, and Finland. The youngest was Afghanistan according to a U.S. Census Bureau report. It is not hard to see that an aging population in Europe is contributing to a real security crisis there.
Most of Europe is worse off than the U.S. How are they dealing with their situation? In Denmark they acknowledge the problem… and use it to advertise vacation packages. (Warning, these commercials are a bit risqué.)
Yet the establishment continues to pump out propaganda about the threat of “overpopulation”!