The Aging and Staying Aged America
We start by describing the tidal wave of baby boomers that is moving
inexorably from changing diapers to wearing them. In particular, we
discuss the boomers’ numbers, their dilatory mating patterns, their
meager rate of procreation, their romance with divorce, their plans to be
retired for as long as most people lived only a few centuries ago, their
prospects for an isolated, childless old age, and the protracted delay in
their departure to the next world.
When it comes to aging, we also point out that the United States is
not alone. The entire developed world and large parts of the developing
world, including China, are in the process of getting much, much older.
This won’t be a one-time event. The United States and its very best
buddies will not only be getting old; they will be staying old. The population
shares of the old (those over age 65) and the very old (those over
age 85) will grow year after year throughout the entire twenty-first
century.
These remarkable demographic changes are unique in human history.
They are also unstoppable. They will transform our world at the personal, national, and international levels. In particular, they will exact a fiscal toll that will shake our economy and those of Japan and Western
Europe to their very foundations.
Exert from "The Coming Generational Storm" What you Need to Know about America's Economic Future
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