Interesting Smart Economist article on the economic effects of an aging population. Among the more interesting statistics:
- In 1950, the median age in developed countries was 29; by 2000, the median age had risen to 37, and by 2050 this figure is projected to rise to 45.
- In Japan, in 1950, there were 9.3 people under 20 for every person aged 65 and older; by 2030, this ratio is predicted to fall to 0.59.
- Between 2003 and 2030, the fraction of elderly voters in the United States will rise from 19.8% to 30.5%.
- In 2005, the US government spent nearly 6.5% of GDP on transfers to the elderly; a shift of 10% of the population into retirement would cause federal transfers to increase by 4.7% of GDP — or over $500 billion.
That Japan statistic stunned me.
Spacing points to this fantasy TTC map. Now that’d be pretty sweet…the airport connection, the line that runs up to where I go “away” on course, the Beach, Skydome (love the anti-Rogers station name!), and so on. Sigh…instead we’re stuck with a service prone to underfunding operated by a union prone to tantrums.
Umm…that’s some Aldo Nova in the title. In case you were wondering.
[tags]economics, aging population, fantasy ttc, aldo nova, three armed baby[/tags]