As the world ages

The secular bear market in last 10 years is most likely due to the wars and the associated costs and there is nothing to do with the age.

The age makes a big difference to the economy. This time is different. The life expectancy is at least 5 years longer than last generation. Many seniors are still working as they do not have enough saving.

One more citizen could mean one more iPad for Apple. However, it could mean another person in the line of the unemployment office and/or welfare office or one more mouth to eat our limited resources.