Why A Rapidly Ageing Public Can Lead To Drastic Economic Consequences
Josh Sigurdson sits down with author and economic analyst John Sneisen to talk about how the rapidly ageing public will lead to drastic monetary consequences as debt blows sky-high.
As John breaks down, from 2015 to 2050, the older population is due to double to 1.6 billion globally while the global population will grow by just 34% over the same period.
With 80% of the world’s elderly living in low-income countries and vast amounts of debt being left to younger people who have been largely dependent on the older generations for their own debts, this is going to be cataclysmic.
Baby boomers spend more money into the global economy than any other generation and millennials are unable to find jobs and find themselves in more debt than any previous generation.
While the healthcare industry is heavily inflated by government spending and pharmaceutical monopolies, this is going to crash at an epic scale.
John reports on what this means for us and what we can do to avoid this massive demographic hour glass.
Stay tuned for more from WAM!
Video edited by Josh Sigurdson
John Thore Stub Sneisen
Graphics by Bryan Foerster and Josh Sigurdson
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