In the next decade the census bureau expects the population will increase by 18.6 million. 15.3 million of that will be those 65 and older.
The demands on US entitlements for seniors will be under great pressure.
US 2021 population pyramid:https://www.populationpyramid.net/united-states-of-america/2…
Every 5 year segment from birth to age 64 is 3.0% to 3.6%. No new sage of workers to support the geezers.
Let’s look at our main competitor (China 2011):https://www.populationpyramid.net/china/2021/
China has 2 bulges in the 5 year segments-45 to 59 & 30 to 39. China’s demographic crunch will hit in 20 to 25 years. And the hit will be much more severe to China.
China will garner the spot of #1 economy in the world. But how long before India supplants them? https://www.populationpyramid.net/india/2021/
In the next decade the census bureau expects the population will increase by 18.6 million. 15.3 million of that will be those 65 and older.
That is mixing two different things. The proportion/percentage of the population that is old will be increasing. However, absolute population increase comes from immigration plus births being greater than deaths.
In the next decade the census bureau expects the population will increase by 18.6 million. 15.3 million of that will be those 65 and older.
That is mixing two different things.
Exactly. When I read the sentence, it appears that the 15.3 million ‘increase’ had to come from elsewhere other than the US. That’s a lot of geezer immigrants!
The nominal birth rate peaked higher in the 60s and for a good period of time considering how up and down the chart is. But the nominal birth rate is about the same over the course of the Gen Z and Gen Alpha.
The idea that < 4% of the future growth will come from Gen Alpha is only in the shadows of the Pandemic. Those banking no these forecasts as facts may get a rude surprise.
