The Demographic Trends that Will Shape the World -- Joseph Chamie, Real Clear World
While governments and institutions try to grapple with economic uncertainty and volatility an important factor of relative certainty is often overlooked: demography. One may not know how the markets will behave, but demographic trends can provide instructive and relative certainty for the near term to deal with debt, taxes, unemployment and entitlements, to name a few. Dismissal of major demographic trends, seven of which described below, will in all likelihood result in ill-conceived policies, unsustainable programs and squandered resources.
First, at an estimated 7 billion, the world's population is growing at 1.1 percent annually, or 78 million people, half the peak level of 2.1 percent in the late 1960s. Although the world's demographic growth rate is continuing to slow due to declining birthrates, the 8 billion world population mark will likely be reached by 2025. This growth will increase the world's working age population, 15 to 64 years, by 610 million and those aged 65 years and older by 290 million, increases of 13 and 52 percent, respectively.
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My Comment: There are a lot of stats in this report .... bottom line .... the world in 2050 will not look like the world today.
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