Baby boomers are approaching 'peak burden' on the economy

Tech Insider : Economy, Economy
baby boomer

REUTERS/Mike Blake

  • The baby-boomer "time bomb" is finally upon us, economists say.
  • All boomers will be at least 65 soon, the generation's point of "peak burden" on the economy.
  • Future generations can take solace in the fact that no boomer-size generations are in the making.

A time bomb has been ticking in the US.

China is in the middle of its own retirement crisis as many older people cannot afford to stop working

Tech Insider : Economy
An elderly lady washing vegetables inside a tulou in Fujian, China.
Elderly lady washing vegetables inside a tulou in Fujian, China.

Sheng Li/Reuters

Japan is producing so few babies that a leading diaper maker is pivoting to adults

Tech Insider
A stock image shows an elderly woman holding a diaper.
A stock image shows an elderly woman holding a diaper.

Toa55/Getty Images

The world faces a low-fertility future that will 'completely reconfigure' the global economy

Tech Insider
Pregnant woman uses baby tracker app on smartphone to monitor her baby's growth and development throughout the pregnancy journey - stock photo.
Pregnant woman uses baby tracker app on smartphone to monitor her baby's growth and development throughout the pregnancy journey - stock photo.

AsiaVision

Solving the looming retirement crisis means thinking differently about aging, economist says

Tech Insider : Economy, Economy
Andrew J Scott
Andrew Scott's new book "The Longevity Imperative" calls for a rethink on how we view aging.

John Murray Press

Declining boomer ownership will free up 9.2 million homes by 2035, Freddie Mac says

Tech Insider
Boomers can use the equity in their current homes to buy a new house.
Boomers can use the equity in their current homes to buy a new house.

RealPeopleGroup/Getty Images

1,000-year-old 'Naked Man' festival ends due to Japan's aging population

Tech Insider

A centuries-old tradition ended in 2024 due to Japan's aging population and decline in birth rates. The Somin-sai was one of the three major Hadaka Matsuri, or "Naked Festivals," held in the country as an annual rite of purification.

Japan's aging population offers a roadmap for the US economy's inflation battle

Tech Insider : Economy
An elderly clerk waits to serve customers in front of a shop in Tokyo, Japan, Sept. 18, 2023.
Eurizon strategists said Japan's aging population provides clues to the US inflation outlook.

Xinhua News Agency / Getty Images

A 90-year-old McDonald's employee in Japan swears working is the key to her health, and she doesn't plan to stop before age 100

Tech Insider
A customer leaves a McDonald's restaurant with his order in Tokyo in 2022.
A 90-year-old McDonald's employee in Japan swears working is the key to her health, and she doesn't plan to stop before age 100

Stanislav Kogiku/SOPA Images/LightRocket via Getty Images

A key barometer for China's economy is shining bright despite the nation's property crisis

Tech Insider
China iron ore trader
Iron ore prices have stayed above $100 per ton for most of 2023.

Kevin Frayer/Getty Images

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