Not in America

According to a recent article in the Daily Reckoning, Australia is facing a demographic bomb of sorts not unlike the U.S. with more than half of Australians projected to be age 50 or older by 2050. Today the Australian government spends $42 billion on the cost of aged care which is expected to balloon to $160 billion by mid century. Mathematically astonishing, economically unfeasible.

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