Thursday, March 31, 2016
We're About To See A Mind-Blowing Demographics Shift Unprecedented In Human History
Via Business Insider: 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%. "This unique demographic phenomenon of the 'crossing' is unprecedented", the report's authors said. There are and will continue to be differences between regions. Europe will remain the oldest region through 2050, with over 25% of Europeans older than 65 at that time, even though the pace of aging will slow. Additionally, while the percentage of China's and India's populations over age 65 may not be as large as that of various European countries or Japan, their overall populations are enormous, meaning that the total number of older people living in China and India will be much larger than the number living in other countries. By comparison, some of the youngest countries will be located in South/Central Asia (Afghanistan), the Middle East (Kuwait, Yemen, and Saudi Arabia) and Southeast Asia (Laos).