Interesting look at retirement (support, benefits, older, seniors)

[davebarnes]

https://www.bloomberg.com/news/artic...or-older-folks

"The world’s working-age population is shrinking faster than expected, leaving fewer people to support a growing number of seniors, according to the Bloomberg Sunset Index.

Conventional measures of old-age dependency calculate the ratio of people ages 65 and older with those of working age: 15 to 64. But many people stop working well before 65: Men in 66 percent of the 178 countries Bloomberg evaluated and women in 78 percent can begin receiving retirement benefits earlier."

[TwoByFour]

This is nothing new. Economists have known about this a long time. It is a huge problem for Italy, Spain, and Japan because their birth rates are so low and has led to many of the economic problems in those countries. Italy and other European countries try to solve this by importing immigrants but that of course has led to huge cultural issues.

The US is in the same fix but so far we have been OK because of our high immigration quotas. But if Trump changes that it will become a big problem for us. Eventually it will catch up to the entire world.