How will the University Endowment landscape look like in July?

[ilovebagels]

<p>At least wikipedia has a citations policy…</p>

<p>Allow me to start
[Aging</a> of Europe - Wikipedia, the free encyclopedia](<a href=“http://en.wikipedia.org/wiki/Aging_of_Europe]Aging”>Ageing of Europe - Wikipedia)</p>

<p>

Giuseppe Carone and Declan Costello of the International Monetary Fund projected in September 2006 that the ratio of retirees to workers in Europe will double to 0.54 by 2050 from four workers to two workers for every retiree.[1] William H. Frey, an analyst for the Brookings Institution think tank, predicts the median age in Europe will increase from 37.7 years old in 2003 to 52.3 years old by 2050 while the median age of Americans will rise to only 35.4 years old.
The Organisation for Economic Co-operation and Development estimates only 39% of Europeans between the ages of 55 to 65 work. If Frey’s prediction for Europe’s rising median age is correct, productivity in Europe will radically decrease over the next four decades.[2]
Austria’s Social Affairs Minister painted a bleaker picture in 2006, saying the 55 to 64 year old age bracket in the European Union will be larger than the 15 to 24 year old bracket by 2010. The Economic Policy Committee and the European Commission issued a report in 2006 estimating** the working age population in the EU will decrease by 48 million, 16%, between 2010 and 2050, while the elderly population will increase by 58 million, 77%.**

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<p>Demographics, my dear boy…demographics.</p>

<p>[Aging</a> of Japan - Wikipedia, the free encyclopedia](<a href=“http://en.wikipedia.org/wiki/Aging_of_Japan]Aging”>Aging of Japan - Wikipedia)</p>

<p>

Paul S. Hewitt, an analyst for International Politics and Society, wrote in 2002 that Japan, in addition to the European nations of Austria, Germany, Greece, Italy, Spain, and Sweden, will experience an unprecedented labor shortage by 2010. The U.S. Census Bureau estimates Japan will experience an 18% decrease in its workforce and 8% decrease in its consumer population by 2030.

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<p>Fewer young workers paying into the welfare state. More old retirees taking money out of it. Yes, Virginia, there is a problem here.</p>

<p>America has very many, very serious problems. Of that there is no doubt. But Europe’s problems are far more ominous.</p>