8/9/23: The Coming Agequake

Ever considered the far-reaching implications of an aging population on the global economy? In this episode, we dig deep into this topic with a keen emphasis on China's dramatic birth rate decrease from 18 million in 2016 to below 10 million in 2020. We dissect how this demographic shift impacts facets such as consumer spending, real estate values, healthcare provisions, and even pension schemes. The US and other nations are caught in a similar trend, with governments borrowing more to finance social services. This economic conundrum has sparked warnings from credit rating agencies about potential ratings downgrades. In a surprising development, we also take a look at how South Korea has legally 'rejuvenated' its population and the creative steps senior housing facilities are taking to entice potential residents. Subscribe to podcast updates Ask Ric | Ric's Books ----- Links from today's show: Are You Ready for a Bitcoin ETF? - Free Webinar Digital Assets Council of Financial Professionals Follow Ric on social media: Facebook | Instagram | LinkedIn | X (formerly Twitter) | YouTube Brought to you by: Global X ETFs Invesco QQQ Prisidio Schwab Disclosure page -----