Demographic shift unprecedented in human history
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, 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, people ages 65 and over will begin to outnumber children under the age of 5, according to a recent report by the US Census Bureau.
And these two age groups will continue to grow in opposite directions: The proportion of the population ages 65 and up will continue to increase, while the proportion of the population ages 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%. Read more here…
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