3 ms·
There will be a lot more older folks, who expected to retire and collect social security, still in the workforce as a result of diminishing payments by youngste
by craftyguy 8y ago
There will be a lot more older folks, who expected to retire and collect social security, still in the workforce as a result of diminishing payments by youngsters into that program. Demand for medical care will continue grow as the majority of the population gets older.
I believe Japan is experiencing this right now at a large scale.
- bmj 8y agoThere are also ramifications with older people who have no one to care for them at the end of their lives. https://www.washingtonpost.com/news/world/wp/2018/01/24/feature/so-many-japanese-people-die-alone-theres-a-whole-industry-devoted-to-cleaning-up-after-them/?utm_term=.4489ca47a16d https://www.washingtonpost.com/news/world/wp/2018/01/24/feat...
- gowld 8y agoJapan is transitioning from traditional family-based care (which fails when children are absent or nonexistent) to government-funded social-safety-net care. USA has already made that transition (with Medicaid for nursing home care).
- magduf 8y agoYep, the Boomers are really going to suffer when they're elderly. But they kinda deserve it: they're the ones that screwed up this country so badly. https://www.theguardian.com/books/2017/may/17/generation-sociopaths-review-trump-baby-boomers-ruined-world https://www.theguardian.com/books/2017/may/17/generation-soc... A generation full of sociopaths will be getting their just desserts when they're wasting away in poorly-run nursing homes with no one visiting them.
- Analemma_ 8y agoNot just social security: it's public pensions and health care too - every program that expects a pyramid population shape with many young workers supporting a few older ones is going to implode in the next few decades. It's gonna get ugly.