In looking at some statistics about averages, I wondered what percentage of our population has reached retirement age.
Yeah... so it's interesting much in the way we think about how we compare to others, as in accumulated wealth, average cost of living, life expectancy etc., but to take it a bit further, just how many people live to reach the normal retirement age, and what does it mean to our economy? Cost of healthcare, Social Security, and anything else where the dollars may involve those who are under the age 65.
This is very complicated, because it not only involves the cost, but also the income that supports the economy.
And to take this one step further, how will the world handle the effects of the changing balance between the young and the old... considering the positive effects of medicine in allowing longer lives.
Are you still with me? Heres a comparison of different countries, with the 2013 percent of population age 65 and older.
But WAIT
Those are just the countries with over 65 populations %'s equal to or greater than the US...
Here's the rest of the list of 164 Countries who currently have a lower percent of the population who are over 65.
Population ages 65 and above (% of total) | Data | Table
Something to think about in the coming years of your own retirement. A look at the the effects of population and economics on the economy is currently playing out in the laboratory that is China.. and the existing extreme that is Japan.
Some of the high % over 65's and the National debt.
Think in terms of the natinal debts of:
Japan, 214%
Greece 161%
Italy 126%
Ireland 119%
Iceland 119%
Portugal 129%
Spain 86%
Belgium 100%
United Kingdom 90%
France 90%
Germany 80%
US 73%
See the relationship between aging populations and National debt to GDP?
What happens when the lowest rating countries come into the 21st Century?
Maybe a bit obscure today, but tomorrow?
Yeah... so it's interesting much in the way we think about how we compare to others, as in accumulated wealth, average cost of living, life expectancy etc., but to take it a bit further, just how many people live to reach the normal retirement age, and what does it mean to our economy? Cost of healthcare, Social Security, and anything else where the dollars may involve those who are under the age 65.
This is very complicated, because it not only involves the cost, but also the income that supports the economy.
And to take this one step further, how will the world handle the effects of the changing balance between the young and the old... considering the positive effects of medicine in allowing longer lives.
Are you still with me? Heres a comparison of different countries, with the 2013 percent of population age 65 and older.
But WAIT
Those are just the countries with over 65 populations %'s equal to or greater than the US...
Here's the rest of the list of 164 Countries who currently have a lower percent of the population who are over 65.
Population ages 65 and above (% of total) | Data | Table
Something to think about in the coming years of your own retirement. A look at the the effects of population and economics on the economy is currently playing out in the laboratory that is China.. and the existing extreme that is Japan.
Some of the high % over 65's and the National debt.
Think in terms of the natinal debts of:
Japan, 214%
Greece 161%
Italy 126%
Ireland 119%
Iceland 119%
Portugal 129%
Spain 86%
Belgium 100%
United Kingdom 90%
France 90%
Germany 80%
US 73%
See the relationship between aging populations and National debt to GDP?
What happens when the lowest rating countries come into the 21st Century?
Maybe a bit obscure today, but tomorrow?
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