Comment by rob74
But then you get an aging population and all the problems that that brings with it.
But then you get an aging population and all the problems that that brings with it.
>> But then you get an aging population and all the problems that that brings with it.
> Only for a generation (mostly \s but entirely true).
That's not accurate. The problems of population aging are not confined to a single generation. They are structural and persistent, unless the underlying institutions adapt.
Aging is a continuing demographic process, not a single event. Once a society enters sustained low fertility and longer life expectancy, each cohort is smaller than the one before it. Each cohort also lives longer. That means that today's workers support more retirees. Tomorrow's workers will support even more, unless something changes.
It can feel (but isn't) like a single generation problem if major structural changes happen like: raising retirement age in line with life expectancy, shifting pensions to funded, large-scale immigration, major productivity gains from technology, or cultural shifts to high fertility.
Only for a generation (mostly \s but entirely true).