- crumbling of tightly integrated supply chains
- global recession
- financial systems (especially in EU) which have never been reformed after 2008
- droughts, floods, locusts, and wildfires
- immigration crisis
- never-ending war in ME
- rise of nationalism and xenophobia
- rampant spreading of mis-/disinformation
https://ec.europa.eu/info/business-economy-euro/banking-and-...
[1] https://www.economist.com/briefing/2019/01/05/the-euro-enter...
> Southern discomfort
At the same time, southerners feel they are bearing all the pain of recovery. The politics of monetary union is more febrile as a result. After eight years of eye-watering austerity, Greek GDP per person is still far below its level in 2007 in real terms (see chart 3). In 2015 Syriza, a left-wing party, came to power promising to end austerity, before spectacularly reversing course when it became clear that Greece needed a third bail-out.
https://www.reddit.com/r/WTF/comments/f7g85v/hailstones_caus...
IMO, number one thing should be the upcoming massive retirement population. First time where working population will be smaller than retiring population.
Also, looks like the modeling done for retirement plans are based off equal or greater population for the next generation. Life expectancy longer than when these were implemented. Boomers struggling to sell their massive rural houses.
Don't believe? Walk into a McDonald's and look behind the counter. You'd expect to see all these young inexperienced workers but majority of time I now see +45 workers back there.
In the US alone, 10k people turn 65 each day (retirement age for Medicare eligibility and their full retirement age for collecting Social Security).
It’s a good thing; the world has too many people to sustain everyone at first world standards, so a managed decline in population (while respecting the rights of existing humans) is optimal policy.
It is only 65 for people born in 1937 or earlier. For people born in [1938, 1943] it goes up by 2 months every year. It is 66 for people born in [1943, 1954]. It then goes up 2 months per year until reaching 67 for people born in 1960 and later.