Part 2/7:
Zion emphasizes the importance of age demographics on the economic vibrancy of a nation. He highlights two key age groups: those between 20 and 45 years, who are typically raising children and building homes, and the 45 to 65-year-olds, whose children are becoming independent as they appreciate increased income and invest in the economy. A balanced demographic structure with enough young families and a stable retirement population is crucial for sustained economic growth.
However, many advanced nations have seen a continuous decline in birth rates, leading to an alarming shortage not only of children but also of working-age adults. This demographic crisis, Zion points out, has left many countries—particularly in the advanced world and China—being unable to replace their shrinking workforce.