Maybe the Biggest Real Estate Story of All Time
NY Times did a deep dive data reporting piece this summer, “How a Vast Demographic Shift Will Reshape the World.” It’s a fascinating look at how populations will age across the globe over time. As perhaps nothing impacts real estate more than age itself, this is one of those mind-blowing stories that will have you thinking about what this means for households in the future.
“The projections are reliable, and stark: By 2050, people age 65 and older will make up nearly 40 percent of the population in some parts of East Asia and Europe. That’s almost twice the share of older adults in Florida, America’s retirement capital. Extraordinary numbers of retirees will be dependent on a shrinking number of working-age people to support them.”
I saw this story on 1000watt.net and thought I would share it