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Demographic 'Death Cross' Looms As World "Plague" Of Elderly Population Grows
08-11-2016, 08:38 PM,
Demographic 'Death Cross' Looms As World "Plague" Of Elderly Population Grows
Demographic 'Death Cross' Looms As World "Plague" Of Elderly Population Grows

<p><strong>The number of countries where the elderly outnumber the young is on the rise</strong>...</p>
<p><a href=""><img height="346" src="" width="600" /></a></p>
<p>What began in 1995 in a single country, Italy, will spread globally to economies as diverse as New Zealand and Georgia, by 2030.&nbsp; As <a href="">Joseph Chamie - an independent consulting demographer and a former director of the United Nations Population Division</a> - details, <strong>by 2030, 56 countries will have more people aged 65 and over than children under 15.</strong></p>
<p><a href="">As Bloomberg reports,</a> the former UN head demographer compared population projections of kids under the age of 15 to that of people aged 65 and over. It&rsquo;s not just industrialized nations like Japan and Germany succumbing to the age curse. <strong>The turning point will take place in 2020 in the Cuba and South Korea, followed five years later in Thailand and the U.S.</strong></p>
<p><a href=""><img height="324" src="" width="600" /></a></p>
<p><strong>By 2075, the global population is forecast to pass the demographic milestone...<span style="text-decoration: underline;">The Demographic Death Cross...</span></strong></p>
<p><img height="544" src="" width="600" /></p>
<p><strong>Chamie refers to this as &ldquo;the jump from a Toys &lsquo;R&rsquo; Us society to an Olds &lsquo;R&rsquo; Us one.&rdquo; </strong></p>
<p>While the prospect of longer lives is a good thing, problems arise when a shrinking work force cannot foot the pension bill. Several decades ago, you could have had about 10 workers per retiree, but that could shrink to the point where in Italy,&nbsp; for example, you had three workers per retiree. <strong>While the political choices are unsavory &mdash; increase taxes or cut benefits &mdash; governments are running out of time to act</strong>.</p>
<p><strong>You &ldquo;can't repeal the law of demographics,&rdquo; Chamie said.</strong></p>

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