2Semana
Difficult. You compare the proportion of older people from 1950 to 2050, but in terms of assets you look at today, although there is talk of increasing poverty in old age. It's important to know that if you ever have to go into an old people's home, you pay for it out of your assets and a former citizen's allowance recipient in the next room is fully provided for. Maybe spend a euro or two now and then while you still have something left. There is also the question of how a society works in which 36% are over 60.
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2Semana
@Reinecke What is difficult about it?
It's all right. Drawing on the period and presenting it, the graph also includes the "current" phase.
The wealth analysis of "today" underlines the fact that, according to current findings, the older generation spends a disproportionate amount on health, travel, luxury and leisure.
The concept of the "economic boom due to older people as a strong consumer group" and rising poverty among the elderly exist simultaneously...
Many baby boomers (especially in wealthy countries) have built up assets over the decades and benefit from rising property prices and receive good pensions. -> as described above, this group spends a disproportionate amount.
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Rising poverty in old age is then the flip side of demographic change
In many countries, the pension system is heavily burdened by the ageing population and fewer and fewer working people are financing the pensioners. High health and housing costs also place an additional burden on the group.
How does this fit together?
The "silver economy" is based on the top income bracket: the group will continue to consume heavily: LVMH, Harley Davidson, cruising, etc.
At the same time, social inequality within the generation will grow.
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How you organize your lifestyle is ultimately up to you. I think it will be a good balance between "living" and providing for the future.
For my part, I hope to stay fit until the end by living a healthy lifestyle. I live well, take care of my pension provision and at the same time build a stable foundation for my children and grandchildren.
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We will see how society can function with 36% over 60, presumably through technological progress:
- in the job world, a lot will probably be solved by automation & vllt also by longer working lives (retirement at 70+)
- Pension system: in my opinion, there is no way around a funded pension scheme, the state pension will hardly be enough.
- Healthcare: this is probably also about technological progress, key points: Robotics in care, telemedicine
- Housing: cities will change, housing models will adapt.
- The economy is adapting to an older target group with purchasing power
- Political: older people will probably also have a say
Just to name a few thoughts and examples :-)
It's all right. Drawing on the period and presenting it, the graph also includes the "current" phase.
The wealth analysis of "today" underlines the fact that, according to current findings, the older generation spends a disproportionate amount on health, travel, luxury and leisure.
The concept of the "economic boom due to older people as a strong consumer group" and rising poverty among the elderly exist simultaneously...
Many baby boomers (especially in wealthy countries) have built up assets over the decades and benefit from rising property prices and receive good pensions. -> as described above, this group spends a disproportionate amount.
__
Rising poverty in old age is then the flip side of demographic change
In many countries, the pension system is heavily burdened by the ageing population and fewer and fewer working people are financing the pensioners. High health and housing costs also place an additional burden on the group.
How does this fit together?
The "silver economy" is based on the top income bracket: the group will continue to consume heavily: LVMH, Harley Davidson, cruising, etc.
At the same time, social inequality within the generation will grow.
____
How you organize your lifestyle is ultimately up to you. I think it will be a good balance between "living" and providing for the future.
For my part, I hope to stay fit until the end by living a healthy lifestyle. I live well, take care of my pension provision and at the same time build a stable foundation for my children and grandchildren.
____
We will see how society can function with 36% over 60, presumably through technological progress:
- in the job world, a lot will probably be solved by automation & vllt also by longer working lives (retirement at 70+)
- Pension system: in my opinion, there is no way around a funded pension scheme, the state pension will hardly be enough.
- Healthcare: this is probably also about technological progress, key points: Robotics in care, telemedicine
- Housing: cities will change, housing models will adapt.
- The economy is adapting to an older target group with purchasing power
- Political: older people will probably also have a say
Just to name a few thoughts and examples :-)
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2Semana
@VPT Yes, I'm too pessimistic. There will be people who make provisions and there will be more and more people who can't. That will lead to social tensions. I would say that systems will collapse again and it will end up with inflation, compulsory levies and compulsory mortgages. I take a very critical view of AI, which will take us a long way in the beginning, but generations will become stupid in the future. Who needs an Einstein when in 10 years' time your cell phone will be able to explain the theory of relativity to you?
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