Early Retirement & Financial Independence Community

Early Retirement & Financial Independence Community (http://www.early-retirement.org/forums/)
-   FIRE and Money (http://www.early-retirement.org/forums/f28/)
-   -   Echo Boomers & Immigration will save us (Boomers)? (http://www.early-retirement.org/forums/f28/echo-boomers-and-immigration-will-save-us-boomers-71937.html)

Midpack 05-08-2014 07:30 AM

Echo Boomers & Immigration will save us (Boomers)?
 
1 Attachment(s)
Quote:

As bad as the U.S. demographics look, things are worse in much of the world. The U.S. has fewer residents over 65, as a share of its population, than most developed countries, and the disparity will only grow in coming decades. In 2050, about 21 percent of the U.S. population will be 65 or older compared to more than 30 percent in much of Western Europe and an incredible 40 percent in Japan. China, as a result of its “one child” policy, faces its own, somewhat different, demographic crisis.
Note China surpassing the US in "dependency."

Any question this won't force delaying retirements and/or reduced public benefits all over the world?

What Baby Boomers’ Retirement Means For the U.S. Economy | FiveThirtyEight

daylatedollarshort 05-08-2014 12:36 PM

So time to buy into a 55+ condo complex and beat the rush? :)

bld999 05-08-2014 01:31 PM

I sure hope plenty of the echo boomers become alzheimer researchers given the % of 85 plus people slated to remain around in the future [chart from census].

I have always believed that the echos would salvage the residential real estate market to some degree given all the noise heard about boomers having to sell cheap due to lack of demand as they transition to rest homes or maintenance pods somewhere. How that actually plays out will be worth watching.

Immigration is the US hole card both for brains and demographic balancing to some degree. The US is still a very attractive place for people everywhere.

But as we know, no one will miss us dang boomers when we're gone...;D

gerntz 05-09-2014 03:30 PM

Increasing over 65 by another 50% doesn't seem like a good thing. That's a lot of dependency. We're having trouble paying for SS & Medicare now.

Now if retirement age is raised to 70 or 72 such that those between that & 65 take care of themselves, perhaps the problem is manageable.

youbet 05-09-2014 03:46 PM

Quote:

Originally Posted by gerntz (Post 1447619)
Increasing over 65 by another 50% doesn't seem like a good thing. That's a lot of dependency. We're having trouble paying for SS & Medicare now.

We need to figure out the easiest and cheapest ways of luring boomers into camps and euthanizing them if they can't provide labor worth more than it costs to feed and house them.

bld999 05-09-2014 06:44 PM

Well, you know with boomers, nothing is easy or cheap. Might be better to just pay them to stay out of the way.

MichaelB 05-10-2014 06:26 AM

Quote:

Originally Posted by youbet (Post 1447624)
We need to figure out the easiest and cheapest ways of luring boomers into camps and euthanizing them if they can't provide labor worth more than it costs to feed and house them.

Oh, come on! They figured this out way back in 1973, surely you remember.

Soylent Green.

:)

anethum 05-10-2014 08:53 AM

Soylent (food substitute) - Wikipedia, the free encyclopedia

LongPrime 05-10-2014 02:07 PM

IMO. A lot of suburbia will depopulate. Our boomer, mcmansions will be white elephants because echo'ers will not need the house or yard or previously sunk costs.

heeyy_joe 05-10-2014 03:05 PM

A sound immigration policy will fix the issue.

Midpack 05-10-2014 07:14 PM

Quote:

Originally Posted by LongPrime (Post 1447822)
IMO. A lot of suburbia will depopulate. Our boomer, mcmansions will be white elephants because echo'ers will not need the house or yard or previously sunk costs.

You might be right, but there are convincing arguments on both sides. Urban residential is already expensive, and seemingly getting more so, pricing suburbanites out. More reasonable urban units have considerably higher incidence of crimes, and often sketchier schools. And energy costs/shortages were expected to drive the flight from the suburbs - before fracking radically changed the outlook. It'll be interesting to watch...


All times are GMT -6. The time now is 07:29 PM.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.