Demographics

The Sandwich Generation

Frank Diana Demographics, Societal Factors , , , , ,

A recent article describes a societal challenge that represents a major convergent force. I have portrayed this challenge as a shift in our traditional life segments – from four to five. Here is a summary of the article:

As we approach 2030, the world braces for a significant demographic shift. In the United State alone, 10,000 Americans will hit the age of 65 every day. This surge in the elderly population underscores a pressing global concern regarding our readiness to provide adequate elder care, a responsibility often shouldered by the adult children of aging parents. This phenomenon has coined the term “sandwich generation,” referring to individuals who find themselves simultaneously caring for elderly parents and raising their own children.

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The Great Wealth Transfer: Fact Or Fiction?

Frank Diana Demographics, Economics, Our Emerging Future, Societal Factors , , ,

In a post from 2019, I described what some were calling the greatest wealth transfer in history. I pointed to an  Article that positioned the next two decades in the United States as an unprecedented shift of demographics and finances. Baby Boomers were born between 1944 and 1964, and according to that article, this generation is expected to transfer $30 trillion in wealth to younger generations over the next many years: what some have called the “great wealth transfer.”

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Societal Signals Are Flashing

Frank Diana Demographics, Societal Factors , , , ,

This latest article via the World Economic forum highlights a fundamental truth about the current era: signals are flashing across multiple domains. Although much attention is paid to advancements in science and technology, signals across society, geopolitics, economy and environment are converging. As described in various posts on the topic, convergence itself is a signal. In similar periods in the past, when multiple domains were in a state of flux, it was their convergence that shaped the future. In the referenced article, it is a societal signal that is flashing. If we view these signals as building blocks, it is the model that emerges that allows us to explore their combinations.

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The World’s Aging Population

Frank Diana Demographics, Societal Factors , , , , ,

Most countries around the world have experienced population explosions, or are about to. Combine this with declining birth rates and falling mortality rates, and it’s clear that the global senior population will continue to reach new heights.

Pablo Alvarez – Charted: The World’s Aging Population from 1950 to 2100

That quote from a recent article underscores a series of demographic shifts that play a major role in shaping the future. While science and technology rightfully receive a lot of attention, these societal shifts are just as impactful. That message is resonating, as my recent post on population growth is now my most read post since I started blogging thirteen years ago. These visuals underscore the point (click on the images to open in a new window).

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Where Is Population Growth Actually Heading?

Frank Diana Demographics, Societal Factors , , , , , ,

Demographics matter. An aging society, fewer children, less workers, immigration, to name a few, are likely to shape our future in ways we cannot predict. There is much uncertainty, exemplified by mixed messages regarding the global population. Some estimates have us reaching 11 billion people by the year 2100 – with most of that growth coming from Africa and some countries in Asia. Studies have now emerged with significantly less growth. A recent article describes one such study.

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America’s Demographics

Frank Diana Demographics, Societal Factors , , , , ,

Demographics are a big piece of forward-looking analysis – and we are living in times of significant demographic shifts. An aging society, a fall in working age population, a drop in fertility rates, and a diversifying population are just a handful of examples. This recent article provides a great interactive visual via Visual Capitalist that captures one hundred years of demographic change in America.

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A Future Shaped By Generational Differences

Frank Diana Demographics, Societal Factors , , , , ,

Overall, in 2021, Gen X (anyone born from 1965 to 1980) spent the most money of any U.S. generation, with an average annual expenditure of $83,357

Preethi Lodha – How Americans Spend Their Money, By Generation
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The Changing Human Life Cycle

Frank Diana Demographics, Societal Factors , , , , , , , ,

Given the recent focus on demographics, I went back to review a book in my library titled “The Great Demographic Reversal.” In a post that reviewed the book, I mentioned that the authors state several times that their findings are controversial and counter to the views of mainstream economists. By way of review, the authors concluded that the future is one of:

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