The demographical information shows us why this economic empowerment is imperative!!
Senior Citizens to Exceed Children in Most of World and U.S. by 2050 Census Bureau estimates show seniors in U.S. increasing by 104% from 2012 to 2050
June 28, 2012 - The world's inhabitants in 2012 are an older mix of people than was the case a decade ago, driven by declining fertility and increasing life expectancy.
According to new U.S. Census Bureau population projections, by midcentury most world regions, and the United States, will resemble Europe, which in 2005 became the first major world region where the population 65 and older outnumbered those younger than 15. In the United States, the senior citizen population - those age 65 and older - is projected to grow by 104.3% between mid-year 2012 and 2050.
At that point there will be 80.5 million Americans under age 15 and 86.8 million seniors over age 64. Northern America, which includes Canada and the United States, will have joined Europe in this historic reversal of age group sizes by 2050, as will Asia, Latin America and Oceania (which includes Australia and New Zealand).
Moreover, China is projected to move from having nearly twice as many people in the younger age group than in the older one in 2012, to the opposite situation by midcentury. These projections come from an update of the Census Bureau's International Data Base, which includes estimates by age and sex to 100 years and older for countries and other areas with populations of 5,000 or more and provides information on population size and growth, mortality, fertility and net migration.
Since April 2012, users of the International Data Base have been able to obtain population in single years of age, allowing them to calculate country-specific populations in particular age groups (e.g. population at selected ages younger than 5, or adolescents).
Between now and the middle of the 21st century, global population will continue aging. The percentage of population 65 and older will more than double, from 8 percent today to nearly 17 percent in 2050.
This will carry with it well-established changes in the mix of communicable and noncommunicable disease patterns in populations, health care burden, pension systems, the composition and character of the labor force, and other economic variables, such as savings and consumption patterns.
One world region — Africa — will continue to have populations younger than 15 that are much larger than those 65 and older, but even there, the balance will have shifted toward the older group JMCC is active in providing job and opportunities for the multi cultural communities, especially seniors and elderly!!