July 18, 2024


This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience.

Everywhere around the world birth rates are plummeting. Many European and East Asian countries are projected to decrease in population and some, like Japan, are undergoing depopulation. Many people are not choosing to have children, and the ones that do have fewer and have them later.

The result is that the world is aging which, in turn, is causing economic havoc. Pensions of various types, including Social Security in the United States, are horrendously underfunded. There just aren’t enough people paying into these systems compared to the people withdrawing from them. We’re fast reaching the stage where the inverted demographic pyramid will cause default, inflation or an economic crash.


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