In 1871, 42 per cent of Canadians were 14 years and younger and 3.6 per cent of the population was older than 65. The average age was 23.4, life expectancy was 40 years and only one-third of Canadians reached the age of 65. Today, the average age is 41, life expectancy is more than 82, and 90 per cent of the population can expect to reach 65 years of age.
Similar news broke in Japan 10 or 20 years ago, followed by more interesting tidbit of info (sales of diapers to adults were higher than to babies)….
“For the first time in history, the percentage of seniors in the population (16.9 per cent) now exceeds the share of children (16.6 per cent) [in Canada], new census data reveals.”
(mostly from Jamie Dimon’s letter to shareholders – April 2017)
- Middle class declined from 61% of households in 1971 to 50% in 2015
- The real incomes for the bottom 20 % of earners declined by more than 8% between 1999 and 2015
- Over the last 16 years the US has spent trillions of dollars on wars
- US healthcare costs are twice as much per person vs. most other developed nations
- 40% of students (300,000) who receive advanced degrees in STEM at American universities are foreign nationals with no legal way of staying
- Felony convictions, for even minor offense, have led in part to 20 million Americans having a criminal record – limiting job opportunities
- Labour force participation for men ages 25-54 at 88% one of the lowest among developed nations
- 57% of these non-working males are on disability
- 71% of today’s youth (ages 17-24) are ineligible for the military due to lack of proper education (basic reading and writing skills) or health issues (often obesity or diabetes)
- In many inner city schools fewer than 60% of students graduate
- About 20 million (16%) of American workers earn less than $10.10 an hour
- About 52 million (42%) earn less than $15 an hour
People say that the grass is greener on the other side, well, I’ve been there and it depends on the season.
There are two kinds of happiness: one small one – to be happy, and the second big – make other people happy. – who said that ? who wrote that ?
Another question pops up in my head – does it take the Nobel prize winner A. Deaton to notice this trend? it’s been a questionable trend for more than 10 years…what other trends are analyzed and we’re missing on interesting observations?
Leonardo De Vinci’s handwriting