Social Issues

With record-high amounts of student debt, questionable job prospects, and too much avocado toast in their bellies, many millennials already feel like they are getting the short end of the stick.

But, as Visual Capitalist's Jeff Desjardins notes, there’s another economic headwind they face as they are coming of age: the percentage of the global population that is 65 or older will double from 10% to 20% by 2050.

As millennials enter their peak earning years, there will be 1.6 billion elderly people on the planet.

Authored by Ryan McMaken via The Mises Institute,

When you're a government agency, asking for a tax increase is always a hassle. 

For the most part, taxpayers don't like taxes, and if asked if they want to pay more, they're likely to often say "no." 

Moreover, when public officials pass tax increases, they may face the wrath of taxpayers at the ballot box.

Authored by Charles Hugh Smith via OfTwoMinds blog,

The entire status quo is based on the delusion that rapidly rising debt will never generate any negative consequences.

Authored by Daniel Lang via SHTFplan.com,

A lot of people were probably thrilled today about Amazon’s latest announcement. The online retail giant has revealed that they are going to reduce the cost of Prime membership, which provides free shipping for more orders and unlimited streaming for many shows and movies. But it’s not just for anyone. The reduced rate will be reserved for low income households.

Authored by Stephen McBride via MauldinEconomcis.com,

This year, the first Baby Boomers turned 70, and that spells trouble for the economy and financial markets.

Speaking at Mauldin Economics’ Strategic Investment Conference, chief economist and strategist for Gluskin Sheff, David Rosenberg, dissected the wide-ranging implications of the wave of Baby Boomers now retiring.

Fifty Million Americans Aged Over 70 By 2030