The Silver Tsunami

The Silver Tsunami - Should We Be Worried? The average age of the populations of most countries is aging quite rapidly. The countries with the most rapidly aging populations are in Asia and Europe, with Japan heading the list. Attention to the issue in the United States has been largely driven by discussions relating to the funding of programs such as Medicare and Social Security, both of which need to be adjusted to cope with a growth in the number of beneficiaries while the taxpayer base diminishes. After talking about the issue with friends and family, the overall impression that most of us get from discussions relating to our aging population is that we’re headed for catastrophe, with health services collapsing under the pressure of too many patients per physician, too few professional caregivers, too little tax money to sustain essential services for seniors and so on. The problem is largely being presented as one that we’ve never confronted before. That’s true to some extent, but only in one respect – we’re living longer than previous [...]

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