For years, I’ve championed the power of scenario thinking as a way to “rehearse” the future. In my work, I’ve seen how structured, forward-looking narratives help us move beyond guesswork or simple extrapolation, allowing us to imagine multiple possibilities and develop more resilient strategies. This approach is particularly vital when it comes to the challenges of longevity and the strain on social safety nets like Social Security – areas where demographic shifts, policy decisions, and economic factors converge in ways that few people anticipate. By rehearsing tomorrow’s potential realities today, we equip ourselves with the foresight to adapt, innovate, and thrive no matter which scenario becomes our new normal.
Continue readingAging population
The World’s Aging Population
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.
Continue readingAmerica’s Demographics
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.
Continue readingThe Global Decline In Fertility Rates
Societal change is a critical area of convergence that is likely to play a major role in shaping the future. Three building blocks provide an example: declining fertility rates, an aging population, and a fall in working age population. This article connects those dots visually. In looking at the global decline in fertility rates, the article illuminates the impact to global stability, as a given area needs an overall total fertility rate of 2.1 to keep a stable population. But why are women having fewer children? According to Dr. Max Roser, the founder of Our World in Data, most of the literature boils down to three main factors:
Continue readingThe Turbulent 2020s and what it Means for 2030 and Beyond
In a recent insights report, authors Karen Harris, Austin Kimson and Andrew Schwedel look at macroeconomic forces and their impact on labor in 2030. The Collision of Demographics, Automation and Inequality will shape the 2020s – a collision that is already in motion. By 2030, the authors see a global economy wrestling with a major transformation, dominated by an unusual level of volatility. Here’s a summary of these three forces:
AN AGING WORKFORCE
As the global workforce ages rapidly, our authors forecast a slowing of U.S. labor force growth to 0.4% per year in the 2020s, thereby bringing an end to the abundance of labor that has fueled economic growth since the 1970s. Even as longer, healthier lives allow us to work into our sixties and beyond, it is not likely to offset the negative effects of aging populations. This labor force stagnation will slow economic growth, with negative side effects including surging healthcare costs, old-age pensions and high debt levels. On the positive side, supply and demand dynamics could benefit lagging wages for mid-to-lower skilled workers in advanced economies through the simple economics of greater demand and lesser supply – but that leads to their second major force: automation.
Reimagining the Future 