Global depopulation will become a major problem in a generation or two because it's not just the West and East Asia that is in demographic decline. India's birthrate is falling and many nations in subsaharan Africa are following suit. Immigration isn't a viable strategy in the long term because they won't have the excess population. While cost of living and housing are a large contributor of anemic birthrates, much of it is cultural. The state has taken the place of family, religion, and community as the supporting pillar of civilization, so children are no longer required to care for their parents because of the government and private pensions, single payer healthcare (in Canada), and unemployment insurance. The sexual revolution and women's liberation have helped stunt family formation to the point where woman prize careers and independence and marriage becomes increasingly a liability for men. A friend of mine texts me with lamentations of the dating market where average/above average guys can't even land dates with women of similar status.
Thats just it with the ponzi scheme. For social security, the joke is that if it is a ponzi scheme, its the world's most successful one thats been running for 80+ years and has been reasonably consistent and successful (minus inflation here or there). We can see the cracks now because people are living longer, and because unlike before- the population pyramid is now inverted.
Birthrates are partially cultural, partially economic- but one of the big incentives to have children (among workers), is because they were expected to help in old age. Not permanently, because you'd probably die much younger than living till 100- but relatively. People put all their eggs in one basket, especially the boomers with social security, and theres no way to really fix that because
they had less children. The boomers were the real cultural shift, for a myriad of reasons (women entering the workforce, for example), and its where we found that we had less and less children as a whole among the millineal generation- meaning less people to pay into pensions, etc.
This is accelerating, of course- but picture this. For your boomer parents, how many siblings did they have? The Greatest generation may have had 4 kids in a family, sometimes 5, 3, etc. Boomers, there might be 2 or 3 kids in a family, and we start to see multiple boomers just not having kids. Millennials now are not having kids,
on average. Not everybody reproduces, some people die younger, etc.
The point being, this trend started under boomers, the greatest generation never had this problem because
they had kids (they had the fricking baby boom), and its completely beyond repair at this point.
We shouldn't have put all our eggs in one basket. We're not as bad as some countries (like SK, which had no pension system and relied on the Confucian familial piety/children caring for parents in old age), but as a society- we really should have a mixture of systems.
You get some social security to help support yourself in old age. Your kids, with successful jobs, help to pick up the slack. Maybe as a retired boomer, you have an extra room with your eldest child in their house, and with your grandkids. Instead, we have none of this. Millennials don't have jobs, don't have homes, the boomers took it all, the boomers never trained youth to take over, and instead now want to import the entire third world.
If the pension system collapses, even though I've paid into it, I'll be happy- because its the last bit of justice that could happen to the boomers. I will never retire successfully or have someone pay for my retirement. I often think of this myself, and while Im not suicidal- When I finally hit retirement age several decades from now, honestly, MAID doesnt sound half bad if things don't change in Canada. With inflation, no kids, Indians being caretakers, probably having no pension, maybe being consigned to an actual potential bugman life in some box-apartment somewhere, if I'm still around and things aren't better, Id rather go out on my own terms.
On a personal level, I'm trying to make sure that this isn't the way I go, but the deck is stacked against anyone born in the 90s.
Thats how fucked our generation is structurally.