never ending dead pool.

[JB88]

it's no surprise that we have been hearing about all of these deaths as of late.
the baby boomers, who account for the largest single segment of the population,  have entered the grayscale and will be dropping like flies from this point on.

america, soon to be the worlds largest nursing home.

(cues the elevator music)

[rpm]

[Xasthur]

See Rule #14

[Xasthur]

It won't be a never-ending 'pool', either. It will swell for a while, but it is not permanent.

When the high proportion of people aged above 65 fall off the top of the chart, the age proportions will reset a little, provided that some sort of small fertility increase is encouraged.

The age distribution will look like an upside-down pyramid for a while.... but the top gets shaved with every year. 

Provided the fertility rate stays above 2, I think that things will settle down a little..... Long after we're all dead.

Haha.

[Angus]

Hehe, Eastwood is however not exactly a baby boomer.
BTW, the greatest misunderstanding is that actually the most of the old have been paying for their pension all their lives, with the case some of  of the pension funds loosing their money every now and then. And now the pampered generation yelps about how expensive it will be to support the old-timers.
I am very many years off being a senior, but "ARRRFFFF", this one always pisses me off. I am actually considering investing in gold and silver and hiding it very well for my old years.....if I get some (old years, not gold and silver).

[Shifty]

BTW, the greatest misunderstanding is that actually the most of the old have been paying for their pension all their lives, with the case some of  of the pension funds loosing their money every now and then. And now the pampered generation yelps about how expensive it will be to support the old-timers.

Great point Angus, and one the EZmode generation never thinks about.

[Wayout]

See Rule #14

[Xasthur]

See Rule #14

[Xasthur]

See Rule #14

[RTHolmes]

Great point Angus, and one the EZmode generation never thinks about.

by EZmode I assume you mean the older generation, the generation who had things like real jobs and job security, the generation that is/will be enjoying 40 years of retirement paid for by my generation, while we can look forward to 10-20 years of underfunded retirement. pension schemes have been underfunded for the length of retirement people have got used to, hence the massive pension liability faced by organisations with guaranteed pension schemes like corporates in the US or Local authorities in the UK. Want to know one reason why US carmakers are in so much trouble? take a look at their balance sheet under pension liabilities...

[DaveJ]

See Rule #14

[Maverick]

Why do you think they keep raising the fully retired age level for SS benefits? More older folks will die before they ever get them if they delay long enough. That's now "found money" for the govt.

[bj229r]

See Rule #14

[Xasthur]

As far as I know, that's not how it works here.

Immigrant -> citizen -> taxed like the rest of us.

However, you could argue that immigrants are often destined for lower earning jobs which are taxed less on a proportionate percentage basis, but there are plenty of Australian-born folk working in that same tax bracket, so it's certainly not a 'immigrant only' thing here.

Having said that, my father in law to be was born in Australia but his folks were 100% Italian and still don't speak English well (if at all, I'm not sure).

I don't know how well his parents did but I know that he is absolutely rolling in money.

He owns a successful painting business and paints the houses of all of the rich and successful people in Melbourne. He's that good that people offer to fly him up to bloody Queensland, pay for his accommodation whilst he paints their house.... not to mention an exorbitant bonus for his trouble.