From Bloomberg via Azizonomics.
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Japan’s Adult Diaper Boom
Japan’s population has gotten so old that diaper manufacturers are selling more adult diapers for incontinent seniors than they are baby diapers.
Unicharm Corp’s sales of adult diapers in Japan exceeded those for babies for the first time last year.
This is a pronounced trend all over the developed world. As people live longer and as fertility rates fall, there is a proportionately a larger and larger population of elderly retirees being supported by a proportionately smaller and smaller population of young workers paying taxes and interest on debt.