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Visualizing The Global Demographic Timebomb
06-09-2017, 12:28 AM,
#1
Visualizing The Global Demographic Timebomb
Visualizing The Global Demographic Timebomb

<p>With record-high amounts of student debt, questionable job prospects, and too much&nbsp;<a href="https://www.washingtonpost.com/news/food/wp/2017/05/15/dont-mess-with-millennials-avocado-toast-the-internet-fires-back-at-a-millionaire/">avocado toast</a>&nbsp;in their bellies, <strong>many millennials already feel like they are getting the short end of the stick.</strong></p>
<p>But, <a href="http://www.visualcapitalist.com/demographic-timebomb-rapidly-aging-population/">as Visual Capitalist's Jeff Desjardins notes</a>, there&rsquo;s another economic headwind they face as they are coming of age:<strong><em> the percentage of the global population that is 65 or older will double from 10% to 20% by 2050</em></strong>.</p>
<p><strong>As millennials enter their peak earning years, there will be 1.6 billion elderly people on the planet.</strong></p>
<h2><span style="text-decoration: underline;">SOMEONE HAS TO PAY THE BILL</span></h2>
<p>Today&rsquo;s infographic comes to us from&nbsp;<a href="https://aperioncare.com/blog/aging-populations-around-the-world-infographic/">Aperion Care</a>, and it highlights how demographics are shifting as well as the economic challenges of a rapidly aging global population.</p>
<div style="clear:both"><a href="http://www.visualcapitalist.com/demographic-timebomb-rapidly-aging-population/"><img src="http://2oqz471sa19h3vbwa53m33yj.wpengine.netdna-cdn.com/wp-content/uploads/2017/06/aging-population.jpg" style="border-width: 0px; border-style: solid; height: 4598px; width: 600px;" /></a></div>
<div><em>Courtesy of: <a href="http://www.visualcapitalist.com">Visual Capitalist</a></em></div>
<p><strong>With an older population that works less, support and dependency ratios get out of whack.</strong></p>
<p>After all, countries already spend trillions of dollars each year on healthcare and social security. These systems were designed a long time ago, and were not setup to work with so few people paying into the programs.</p>
<h2><u>WHICH COUNTRIES FACE HEADWINDS?</u></h2>
<p>While most countries face similar obstacles with aging populations, <strong>for some the problem is more severe.</strong></p>
<p>The Potential Support Ratio (PSR), a measure of amount of working people (15-64) for each person over 65+ in age, is anticipated to fall below 5.0 in countries like Japan, Italy, Germany, Canada, France, and the United Kingdom. These countries will all have significant portions of their populations (&gt;30%) made up of elderly people by 2050.</p>
<p>The United States sits in a slightly better situation with 27.9% of its population expected to hit 65 or higher by the same year &ndash; however, this is still analogous to modern-day Germany (which sits at 27.6%), a country that is already dealing with&nbsp;<a href="http://www.visualcapitalist.com/germanys-demographic-cliff-chart/">big demographic issues</a>.</p>
<p>Here&rsquo;s one other look, from our previous Chart of the Week on&nbsp;<a href="http://www.visualcapitalist.com/fertility-rates-dropping-economy/">dropping fertility rates</a>&nbsp;and global aging:</p>
<p><img alt="" src="http://2oqz471sa19h3vbwa53m33yj.wpengine.netdna-cdn.com/wp-content/uploads/2016/11/aging-population-world-map-1.gif" style="width: 601px; height: 415px;" /></p>
<p><strong><em>Will millennials be able to diffuse the demographic timebomb, or will an aging population be the final straw?</em></strong></p>


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