Demographic Bomb

"'Demographic Bomb' shows what happens when countries comprising 80% of the world's economy have plummeting numbers of workers, consumers and innovators - leading to falling consumer spending, and too few workers to support the elderly," McLerran disclosed.

Potential crisis situation in most countries (especially the developed ones, Japan being the leader) characterized by an increasing number of older people dependent on pension schemes a direct result of demographic transition. As the dependency ratio rises, the income of the working segment (comprising of a declining number of younger people) of a population comes under increasing pressure to provide support for the non-working (older and growing) segment.