But look at how the older buckets will slowly fill up over time. We will have tens of millions of people in their 60s, 70s, 80s and beyond. We’v

The Destiny of Demographics

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2024-05-13 00:00:04

But look at how the older buckets will slowly fill up over time. We will have tens of millions of people in their 60s, 70s, 80s and beyond.

We’ve never had a demographic profile like this before. When the baby boomers were coming up there wasn’t a competing demographic anywhere close to their size. Gen X is the forgotten generation for a reason — they weren’t big enough. Now the baby boomer generation has millennials as an offset.

Will we have enough healthcare resources to deal with the aging boomer population? Have you tried to get test results from a hospital lately? Or get an answer from your doctor about something that’s ailing you?

Is our healthcare system ready for 70 million baby boomers entering a stage in their lives that will require more medical care? Do we have enough doctors, nurses, lab techs, etc. to handle it?

It’s why I was so certain millennials would be fine in the post-Great Financial Crisis era when all of the coastal journalists were losing their minds predicting my generation would never buy cars or a home.