The more geezers in your nation, the better you are.

I had to laugh........Monaco is ONE SQUARE MILE IN SIZE. And the population is VERY WEALTHY. All of the actual "working people " don't live there, because they CANNOT AFORD TO DO SO. They commute to work in Monaco from France each day. Japan is a country with a lot of elderly people, based on their way of life and diet. JimB.
 
fuzzybuddy said:
I'm not going to get into why, or how it is, but the higher the average age of a nation's citizens is an indication of the nation's stability and economic wealth.
The #1 geezer nation is Monaco. #2 is Japan. Some places the average age is about 18.
List of countries by median age - Wikipedia
Click to expand...

The page you linked too is about Medium Age, not how much better you are. Did you mean to link to something else, or am I missing something?
 

You right, I didn't post a link. I couldn't find it again. But from the chart and your general knowledge of the economics and stability of a nation, you can infer the correlation between those and the median age. :unsure:
VaughanJB said:
The page you linked too is about Medium Age, not how much better you are. Did you mean to link to something else, or am I missing something?
Click to expand...
 
A higher per capita birth rate over the past few decades will favor a lower median age. Conversely, a lower birth rate favors a higher median age. Japan's birth rate is a very low 1.3 births per woman. (For those wondering, in the USA it's 1.7) Many other factors affect this as well. These "gee whiz" numbers don't really seem to mean much in my opinion.
 
"Correlation and causation are two different concepts in statistics.2

While correlation tests for a relationship between two variables, it does not necessarily mean that one event causes the other to occur.0 Causation, on the other hand, indicates that one event is the result of the occurrence of the other event, and can only be determined from an appropriately designed experiment.1 The phrase "correlation does not imply causation" refers to the inability to legitimately deduce a cause-and-effect relationship between two events or variables solely on the basis of an observed association or correlation between them.3 Theoretically, the difference between the two types of relationships is easy to identify - an action or occurrence can cause another, or it can correlate with another.2"
 
Palestine has one of THE YOUNGEST population averages in the world at 21. Looking at the daily videos of that place, the vast majority of people in the place appear to be young men and teen age boys. JimB.
 
There is no medium, unless you are talking about something like clothing size. Median is the value in the middle and average is the total of all ages divided by the population. Two different things.

And kudos for bringing up the fact that correlation does not mean causation. We seem to have a problem as a nation understanding that very basic concept.
 
The birthrate does seem to decline with a nation's wealth. The percentage of UK women who remained childless in 2020 by the end of their childbearing years, has remained fairly consistent, with 18.1% of the latest cohort born in 1975 having no children.
Office of National Statistics.
 
horseless carriage said:
The birthrate does seem to decline with a nation's wealth. The percentage of UK women who remained childless in 2020 by the end of their childbearing years, has remained fairly consistent, with 18.1% of the latest cohort born in 1975 having no children.
Office of National Statistics.
Click to expand...
There are exceptions to your point about UK birth rate. Look at the "travellers " with their large numbers of kids. In my experience, women with a post secondary education tend to limit the number of children they give birth to , based on the simple idea of being able to afford one or two, rather than 5 or 6 kids. Here in Canada the First Nations groups have the largest numbers of children, compared to the national average. Being paid to have more kids is a way of life in their communities. JimB.
 
horseless carriage said:
The birthrate does seem to decline with a nation's wealth. The percentage of UK women who remained childless in 2020 by the end of their childbearing years, has remained fairly consistent, with 18.1% of the latest cohort born in 1975 having no children.
Office of National Statistics.
Click to expand...
my daughter born in '76 is one of those who have chosen to be childless.. not because she cannot afford them, but she has never had any inclination...
 
jimintoronto said:
There are exceptions to your point about UK birth rate. Look at the "travellers " with their large numbers of kids. In my experience, women with a post secondary education tend to limit the number of children they give birth to , based on the simple idea of being able to afford one or two, rather than 5 or 6 kids. Here in Canada the First Nations groups have the largest numbers of children, compared to the national average. Being paid to have more kids is a way of life in their communities. JimB.
Click to expand...

Different groups promote different ideals. But let's be frank, there's nothing clever about having kids, nothing magical, nothing mystic. There's nothing righteous, and it amounts to personal choice. Someone who chooses to not have kids isn't less of a person. And anyone who claims they're "missed out" by not having kids, can just as easily fire back with "and you've missed out on the freedom of not having dependents".

Every parent I've ever heard will say something along the lines of, "it's been tough, but I wouldn't change anything about having kids". And I always think, "yeah, well you would say that, to do otherwise is to admit you made a bad mistake and have to live with it no matter what".
 
Religion obviously has something to do with this also. Some religions promote (or practically "require") large families. Some do not permit birth control. So obviously, countries with a lot of people practicing that religion will have a younger median population.
 
I guess somebody isn't paying attention.

Demographic collapse is a serious concern in much of the world. Japan has been coping but even they face issues. Most of the world finds itself in a trap with a dwindling working-age population simultaneously with a dwindling consumption-age population. Elder folks just don't buy as many new homes, cars, school clothes and other child-related expenses, etc.

On top of that, as more people retire their saved assets get liquidated into cash for expenses. This removes those lendable balances from the system as well.

Demand falls, loans get difficult, production drops, and goods keep rising in price. Expect that McTofu with a side of fried bugs to get crazy expensive.

This is all pretty hard on the economies of such countries.
 

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