By 2050, the world’s over-65s will outnumber the under-15s for the first time in history. The root cause of this is simple: infant mortality has decreased. In 1910, about 15% of British babies died shortly after being born. By 1950, this had dropped to about 3%, and last year it was about 0.3%. This reduction is a global trend that only grouches fail to hail as a triumph.
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