All articles tagged with #demographic shift
Canada's population decreased by 76,068 between July and October due to restrictions on immigration, marking the second quarter-over-quarter decline since the 1940s, driven mainly by a drop in non-permanent residents, as the government aims to balance immigration levels with national capacity.
By 2100, Africa's population will more than double, becoming the world's demographic center, while China's population will decline dramatically, marking the steepest drop in recorded history. This shift will reshape geopolitical power, economies, and societies, with Africa potentially emerging as a major economic and cultural hub, and East Asia and Europe facing long-term population declines that could impact global stability.
Recent election results in New Jersey, Virginia, and NYC suggest a potential shift away from Republican and Trump-aligned policies, driven by demographic changes and voter regret, offering hope for Democratic resurgence ahead of the 2024 midterms.
Globally, families are having fewer children, leading to aging and shrinking populations, which could significantly alter economic and social structures worldwide, especially in wealthy countries like the U.S., China, and Japan, as they face workforce shortages and increased eldercare challenges.
The U.S. Social Security system faces insolvency by 2032, prompting discussions on potential reforms such as raising the retirement age, adjusting benefit caps, and other measures, as policymakers prepare for a changing demographic landscape and long-term economic sustainability challenges.
U.S. population growth is primarily driven by immigration, which offsets the aging of the baby boomer generation, leading to a rising median age and more older adults than children in many areas, especially in sparsely populated regions, according to recent census data.
Vietnam has officially abolished its two-child policy to address a declining fertility rate and aging population, encouraging families to have more children amid economic and social challenges, although public response remains cautious due to high living costs and personal preferences.
A new report based on the Global Burden of Diseases, Injuries, and Risk Factors Study 2021 projects a continued decline in global fertility rates, with the average number of children per woman expected to drop to 1.59 by 2100. This shift is attributed to factors such as increased opportunities for women in education and employment, better access to contraception, and changing values on gender equality and self-fulfillment. The study predicts that 97% of countries will have fertility rates below replacement level by 2100, leading to a demographically divided world with high-income countries facing aging populations and declining workforces, while low-income regions maintain high birth rates. The analysis suggests that proactive planning and adaptation to the new reality are crucial for addressing the economic, societal, and environmental challenges posed by this demographic shift.
As baby boomers age and begin to leave their homes, a potential "silver tsunami" of available homes could flood the market, creating opportunities for younger generations, particularly Gen Z, to enter the housing market. While millennials may see some benefits, economic challenges and the need for substantial updates to aging boomer houses could hinder their prospects. Gen Z, poised to enter their prime homebuying years around 2030, could reap the benefits of this changing tide, with projections suggesting a brighter future for them in the housing market.
The older workforce in the US has quadrupled in size since the mid-1980s, with roughly 1 in 5 Americans aged 65 and older now employed, nearly double the share from 35 years ago. Older workers are working more hours, with 6 in 10 holding full-time jobs. Women make up a larger share of the older workforce, and the majority of older workers are white, although their share has fallen. Factors driving this trend include higher levels of education, self-employment, income from pension plans, and employer-sponsored health insurance. Older workers are healthier, gravitate towards age-friendly positions, and are more likely to enjoy their jobs. They accounted for 7% of all wages and salaries paid by employers in 2023, with their earning power increasing significantly.
Modelo Especial, a Mexican lager, has surpassed Bud Light as the top-selling beer in America, driven by factors such as an increasing preference for imported, more expensive beer among American consumers, a decade-old antitrust deal, and effective marketing campaigns targeting young, non-Hispanic consumers. The rise of Modelo also reflects a shift in consumer tastes towards craft beers, imports, hard seltzers, and canned cocktails. The growing Hispanic population in the US and the cultural appeal of Mexican products among non-Hispanic consumers have contributed to Modelo's success. The acquisition of Grupo Modelo by Constellation Brands in 2013 allowed for increased promotion of Modelo and Corona, further boosting their market presence.
The demographic makeup of the US electorate continues to shift, with white voters without a four-year college degree, the core of the Republican electoral coalition, declining in 2022 as a share of both actual and eligible voters, according to a study of Census results by Michael McDonald, a University of Florida political scientist. As non-college Whites have receded in the electorate, non-White adults and Whites with at least a four-year college degree have steadily increased their influence, creating headwinds for Republicans.
Seattle is ranked sixth among major metropolitan areas being abandoned by homebuyers, according to a new study by Redfin. The study found that people are not only leaving the city, but they are considering moving out of the state altogether. Seattle shoppers are expressing the most interest in Phoenix real estate, but they’re also looking into more affordable options in the Las Vegas metro area. Recent numbers from the U.S. Census Bureau also show that between July 1, 2021, and July 1, 2022, Washington had a net loss of about 3,600 people to other states.