by stockboardasset
Despite all the chatter surrounding the ‘globalized synchronized growth’ narrative rocketing equity markets to the moon, and or the constant bombardment of news stories about newly minted Bitcoin and Ripple millionaires living in their parents’ basement.
The fracturing of the real economy verse the financial economy has become more evident than ever, as many millennials who are trapped in the real economy with high debts and wage stagnation are now dying at an alarming clip. The figures are so horrifying that millennials deaths have shifted the overall life expectancy rate for the United States lower for the second consecutive year. The last time this occurred, it was the early 1960s when the stock market zoomed to new highs, but then, shortly thereafter, experienced a sizeable downturn
Latest data from the Centers for Disease Control and prevention (CDC), 129 out of every 100,000 25-34-year-old US adults died in 2016. The last time these levels were seen it was 1995, at the height of the HIV/AIDS epidemic. Notice the v-shape recovery in young adult deaths?
Today’s momentum of millennial deaths is absolutely astonishing. The trend does not bode well for the next 6-8 years because this is the time when millennials are expected to take over the workforce, but then again, that is why AI and automation exist.
From 2014 to 2016, the rate at which 25-34-year-olds died advanced by 19%, from 108 per 100,000 to 129. For 15-24 and 35-44-year-olds it was much of the same with a significant increase in the death rate. On the other hand, the Baby boomer’s death rates stayed depressed or even stagnate, while they sat back, played bingo, and watch the younger generation implode on itself.
According to Quartz, the explanation for the exploding deaths is simple: young Americans are overdosing on drugs, particularly opioids.
Further, Quartz said,
In
2010, just 18 out of every 100,000 Americans aged 25-34 died from a drug overdose. By 2014, that rate rose to about 23 in 100,000—then it really took off. From 2014 to 2016 it spiked by 50% to almost 35. The majority of this rise can be accounted for by an increase of deaths from heroin (3.4 to 4.9 for every 100,000), natural and semisynthetic non-heroin opioids like oxycodone (3.8 to 4.4) and, most importantly, synthetic prescription opioids like fentanyl (1.8 to 6.2).
Beginning in the 1990s, doctors began overprescribing opioids for pain management, leading many patients to become addicted. Jay Joshi, the former chairman of the National Pain Foundation, wrote in Quartz that ignorance among physicians and aggressive marketing by opioid manufacturers are primarily to blame for the crisis. Prescription opioids like oxycodone aren’t that dangerous, but patients can become easily addicted and so seek out more potent, cheaper, and conveyors of opiates like heroin and fentanyl, which has led to the recent spike in opioid-related deaths.
Quarterly provisional overdose estimates from 2016 via the CDC show death rates are trending higher; leaving Quartz to believe, there “is little evidence in preliminary 2017 data that the situation is improving.”
- The age-adjusted death rate for drug overdose was 20.7 in 2016 Q4, which is higher than the age-adjusted death rate of 16.1 in 2015 Q4.
- The age-adjusted death rate for drug overdose for the 12-month period ending with 2016 Q4 was 19.8, which is higher than the age-adjusted death rate of 16.3 for the 12-month period ending with 2015 Q4.
Would you like some opioids with that avocado and toast? Unfortunately, the opioid crisis will only get worse from here as it consumes the millennial generation, who should be the productive inputs into the economy. But then again, an army of Skynet robots through AI have already started their ascension into the economy leaving the millennial worker out in the cold. Even the Federal Reserve warns about productivity and the opioid crisis. The one question we have: Are we witnessing the silent takedown of the American Empire? Hit it from within?
The real tragedy is that they have put ALL in the same bag, heroine, opiods for pain management, etc. One of my best friends walks like upside down letter “L”! She has been totally consumed with almost unbearable pain after several back surgeries. Opiods were giving her SOME relief, not much, but SOME! Now, her MD had taken her off, changed her prescription to “approved” pain killers that cost a lot of $$$ and, most important, DON”T WORK!
This is a travesty! Are they trying to steer people like my friend to illegal drugs and eventually synthetic government controlled methadone?! Remember, US military guards the poppy fields in Afghanistan!!!!!!!!!!!! What gives?!!!
MD’s hookem, Steet dealers rescue them when they get cut off, and heroin/fentanyl
Oh boy, if you think this is bad, wait until you see the numbers for 2017. The Millenials have been imploding with Trump in the White house.
I think we need to make an effort to deprogram these young people. The schools and their media idols have done a good job of filling their heads with nonsense and pointing to hatred and privilege that frankly does not exist. Leta face it fake hate and entitlement were a poison pill. Now it seems we are almost supposed to worship gay and transgender individuals for some unknown and ignorant reason. Obama opened a can of worms designed to weaken our society. Shared morals and norms of behavior are essential for a smooth and peaceful cultural existence. Obama made sure to disrupt that as much as possible. If Clinton had been elected we would be for a lot of trouble. Lets try yo save some of our youth they after all are our answer to depopulation by elite malice.
Good, the little bastards are worthless as rocks, and soon they will join said rocks…