Some good news (not)
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It's very easy to go down the "decadeology" path here. Or "The 2030 Problem" - https://pmc.ncbi.nlm.nih.gov/articles/PMC1464018/
Some top comments from reddit on this topic btw include:
Boomers aging and dying is actually very unique. Since we are all from the post baby boom era we take for granted just how much of a population spike this was. This generation also has lived longer in higher numbers than previous generations. And our current birth rate is declining a lot.
All of this means that the increasing age and required medical and daily care that the baby boomers will require as they continue to get older definitely will put a strain on healthcare resources and also workforce balance. I imagine it will mean a lot of economic consequences. The oldest boomers are only 78
we are going to have way more older, retired, people in need of medical care than ever before in a few years
It depends on the nation.some nations like Japan, will face an absolute demographic collapse. The US though will face some different challenges.
Currently boomers own 40% of all single family homes. As they die those homes will be sold, inherited and lived in by the individual who inherited it or be rented out. This will have a massive deflationary impact in those markets.
As those same boomers liquidate their 401ks, IRAs or treasuries to maintain the social status that will also have an impact on stocks, treasuries and commodity prices as money leaves the market.
Federal budget deficits will stop exploding and probably be manageable, if they don't get defaulted on in the mean time.
At the same time this is happening the rest of the world's population will implode outside Africa. Who can say what the economic or social implications there will be. But America, being as insular as we are, should weather the storm at least until the millennials pass. But so much could happen between then and now that's hard to calculate.
