Riding the Demographic Rollercoaster Shaking Business, Finance and Our World
The demographic foundations that we take for granted - an ever-expanding and youthful population - are slipping beneath our feet. As people live longer and fewer children are born, a seismic shift is under way in the age profile of populations: the "agequake".
The agequake is the most fundamental force to affect our lives and is already starting to shake business and finance along with lifestyles and attitudes. The agequake is creating a world where more than half of Western populations will be over 40 but fitter and healthier than ever before, where well-educated workers can have their pick of jobs all over the world, and where the US is the second-largest Spanish-speaking country. But it is also a world where house prices no longer rise inexorably, where governments are forced to renege on their pension commitments and where we could face the biggest bear market in history.
Paul Wallace's powerful and readable book is both a global guide and the first full analysis of the massive effects of the boom, bulge and bust of the demographic rollercoaster - and what it means for your money, your life and our world in what is truly "a new age".