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With each passing day people age babies are born and people die Yet as each day passes on what happens to the population Does a majority of the population fall within a certain age bracket and if so what is that age bracket Peter is the founder and president of Global Business Network an organization which studies business and demographic trends He presents an argument stating that a majority of the population will be teenagers in the 21st century 49 Schwartzs argument is refuted by Wolfgang Lutz head of the Population Project of the International Institute of Applied Systems Analysis who feels that the population trends of the 21st century will lead to the elderly being the dominant age group 57 Schwartz feels that the young will be the majority and Lutz feels that the elderly would be a significant minority not a majority therefore there will always be a workforce large enough to provide for the needs of the elderly According to Schwartz people under 25 constitute more than 52 of the world population 53 Most of these young people are located in Asia the lowest numbers can be found in North America and Europe The early twenty-first century will bring a global baby boom and the emergence of a two-billion-strong global teenager age-group 49Teenagers are currently targeted economically because of the purchasing power they possess A new generation of teenagers are hanging out in the shopping malls and spending their parents hard earned money The products targeted towards teenagers include sneakers clothes makeup and electronics But teenagers will expand their power into politics and economics which influence the future of the world The teenagers of the future will be more educated and informed than the teenagers of the baby boom They will be interconnected through the basic technology of satellites Walkman video television and the Internet 50-51The teenagers of tomorrow will spend the monetary
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