The number of newborns in Japan fell below 700,000 for the first time since records began in 1899. The government data released Wednesday showed a 16th straight year of decline and it's faster than had been expected.
How big of an issue is that in Japan? I know that older people there tend to like being employed even into their senior years. I don’t know how much is out of necessity.
It’s a big issue everywhere, Japan in particular has it worse than others because of their robust social support network so you need a large working population to be able to fund it and due to their shrinking population funding social services their deficit has been increasing and is reaching a bad point where their deficit is around 2.5x their GDP so they are going to bury their future already shrinking population in debt
It’s a big issue. The problem is there are a large amount of elderly people and not enough young people to care for them and keep the economy going.
Population age graphs used to be a triangle. Lots of kids some adults and a few elderly. So there were a lot of people to care for a small number of the elderly and a big group to care for you when you became elderly.
These countries age graphs look like upside down pears. Lots of elderly some working and few children. So more work by the young to care for the elderly.
They wouldn’t be able to afford retirement payments for their elderly population. That is the risk
How big of an issue is that in Japan? I know that older people there tend to like being employed even into their senior years. I don’t know how much is out of necessity.
It’s a big issue everywhere, Japan in particular has it worse than others because of their robust social support network so you need a large working population to be able to fund it and due to their shrinking population funding social services their deficit has been increasing and is reaching a bad point where their deficit is around 2.5x their GDP so they are going to bury their future already shrinking population in debt
It’s a big issue. The problem is there are a large amount of elderly people and not enough young people to care for them and keep the economy going.
Population age graphs used to be a triangle. Lots of kids some adults and a few elderly. So there were a lot of people to care for a small number of the elderly and a big group to care for you when you became elderly.
These countries age graphs look like upside down pears. Lots of elderly some working and few children. So more work by the young to care for the elderly.
Caring for them is entirely a different matter, but yes.