I've been thinking about this for a while and hope to get your opinions:
All of our economic models we like to use for retirement are based on the most incredibly unique century in all of human history.
In the last 100 years, the global population grew exponentially, from < 2 billion people, to around 7.5 Billion people.
The world went from largely horses, boats, & steam powered trains for transportation, to planes, cars, and even space flight.
The world went from electricity being a unique curiosity for lighting in some cities, to the foundation of all society and the internet.
Even antibiotics weren't used for all of human history until the 1940s.
Demographic models show massive demographic/population collapse in many countries: China, Russia, Europe, Japan among others. It's very likely that the world population will peak in our lifetimes and then start to decline.
If the demographic decline happens, do we still experience the same economic growth in the 21st century? Is our financial planning being done through rose-colored glasses, since our data is from the most unique time period EVER?
It's an open question, and I don't entirely know the answer. Increasing technological developments may lead to continued exponential growth. But it's hard to fight the realities of biology.
All of our economic models we like to use for retirement are based on the most incredibly unique century in all of human history.
In the last 100 years, the global population grew exponentially, from < 2 billion people, to around 7.5 Billion people.
The world went from largely horses, boats, & steam powered trains for transportation, to planes, cars, and even space flight.
The world went from electricity being a unique curiosity for lighting in some cities, to the foundation of all society and the internet.
Even antibiotics weren't used for all of human history until the 1940s.
Demographic models show massive demographic/population collapse in many countries: China, Russia, Europe, Japan among others. It's very likely that the world population will peak in our lifetimes and then start to decline.
If the demographic decline happens, do we still experience the same economic growth in the 21st century? Is our financial planning being done through rose-colored glasses, since our data is from the most unique time period EVER?
It's an open question, and I don't entirely know the answer. Increasing technological developments may lead to continued exponential growth. But it's hard to fight the realities of biology.
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