The following chart shows the rate of the growth of the young, working age, and elderly population (65+).

Looking at point (1) you see a tremendous growth in the young population starting before 1950 – running two to almost four percent per year. This was the post WW 2 baby boom.

Looking at point (2) you can see the second large growth period – the “baby boom echo” as children born during baby boom had their families – hence, the baby boom “echo”.

Finally, we come to the period after the 2000s (see (3)) when the baby boom cohort began aging out of the work force. This began about the year 2000 and is about 70% complete as of 2022 per this chart.

There is no subsequent baby boomlet to fill the gap left by the aging of the baby boom generation. By the time we get to the 2000s, and on, young people are no longer electing to have kids and families. We have a gradually diminishing population.

As the previous post noted, this will have significant ramifications moving forward into the future.

The Population Demographics Series

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