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Population Determine Economic Growth and Prosperity
The composition of a nation’s population can be a key indicator regarding the qualities and capabilities of the nation’s citizens to drive forward or to negatively impact economic growth, depending on the composition of generational makeup within nations and their skills.
People from newborns to 18 years old don’t consume goods and services their primary caregivers provide.
Between 19 and 45, people consume most goods and services, have children, and pursue further education.
People between the ages of 46 and the 60s tend to be if people are highly skilled when they are making the most money but also put more of their incomes into private or government pensions to save for their retirement.
The issue is if there are not enough consumers, there are not enough people to keep the economy running with people buying goods and services.
As people age, they drain the economic system because they are taking wealth out of the system and not putting money into the economy.
In places like South Korea, people are expected to live until the age of 90, making South Korea and other Confucian nations some of the longest-lived people on our planet.
