Baby Boomers may soon find they have no one to look after them. Brian Bethune reports on the next generational crisis.
We all know what’s coming. Everywhere in the developed world, populations are greying. The media are full of stories about the surge in the numbers of the elderly within the next 20 years, while governments have been pushing the age of retirement entitlements upward. Most of the spotlight has been on the new greybeards themselves—the Baby Boomers in North America and Australia, the somewhat smaller postwar “boomlets” elsewhere—and not on the other side of the approaching demographic flip. The elderly will almost double their current share of national populations—not just because they are so many, but because their descendants are so few
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