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Thursday, April 23, 2015

Japan's Demographic ShiftSlide

For John, BLUFMaybe this is how the human race ends, in a nursing home without anyone to run the operation.  Nothing to see here; just move along.

From The [Manchester] Guardian we have an Agence France-Presse report, "Japanese population falls to 15-year low".
Japan’s population has shrunk for the fourth year running, falling back to a level it was last at in 2000, the government said.  More than one in four people are now 65 or older.

The population dropped by 0.17%, or 215,000 people, to 127,083,000 as of 1 October last year, according to the data released on Friday.  The figure includes long-staying foreigners.

The number of people aged 65 or over rose by 1.1 million to 33 million and now outnumber those aged 14 or younger by two to one.

The demographic shift is due to a combination of a low birthrate and long life expectancy.

Japan’s rapidly greying population poses a major headache for policymakers who are faced with trying to ensure an ever-dwindling pool of workers can pay for the growing number of pensioners.

I guess I don't really care, but I think how the nation of Japan deals with the demographic shifts will be interesting, especially out in 2060, when 40% of the population will be over 65.

Regards  —  Cliff

1 comment:

Craig H said...

I care. Retirement is the world's largest Ponzi scheme, and we're all being lined up to get stuck with the bill. Or, rather, our children are going to be in a world of hurt, forced either to abandon support for their parents, or break themselves on the wheel trying to afford to be able to do so.