The rise of older political leaders is examined, revealing that U.S. lawmakers are significantly older than their counterparts in other wealthy democracies. The mental and physical fitness of aging officials is questioned, raising concerns about their ability to govern effectively. Challenges include the lack of representation for younger generations and debates over age limits for office. A contentious proposal for competency tests for politicians over 75 sparks discussion about the generational divide in politics.
The alarming age discrepancy between political leaders and their constituents raises concerns about the ability of older politicians to effectively address younger generations' priorities.
The historical trend of increasingly older leaders is heightened by uncompetitive elections and poses questions about age limits and mental competency standards in governance.
Deep dives
Aging Leadership Trends
The average age of world leaders has significantly increased over the last 50 years, with the average president or prime minister now being 62 years old, compared to 55 in 1975. Most densely populated countries today have leaders over the age of 70, a notable example being the president of Cameroon, who is 92 while governing a country with an average population age of 18. This trend is particularly prominent in authoritarian regimes, where leaders are more likely to retain power and have aged considerably over the decades. In contrast, democracies tend to feature younger leaders, showing that the way citizens are governed impacts the average age of political figures.
Generational Disconnect
There's a growing disparity between the ages of political leaders and the populations they govern, with world leaders being, on average, 40 years older than their constituents. This disconnect raises concerns about how effectively older politicians can represent younger generations, particularly on issues that matter most to them, such as climate change, affordability, and social services. Research indicates that younger elected officials tend to prioritize social spending more than their older counterparts, highlighting differing policy priorities based on age. For example, studies from Germany and Japan show that younger leaders allocate more resources to benefit young families, further underscoring the potential impact of age on policymaking.
Challenges of Incumbency and Age Limits
The phenomenon of older politicians in the U.S. is exacerbated by uncompetitive elections, where incumbents have an overwhelming advantage, leading to a significant aging of congressional members. Many voters express concern over the age and cognitive fitness of their leaders, as seen in high-profile cases where older politicians have displayed signs of decline. Despite a significant portion of the population supporting the idea of age limits for elected officials, implementing such measures could potentially overlook the underlying problems of electoral competitiveness and institutional inertia. The debate around mental competency tests for older politicians highlights the complexity of addressing age-related concerns in governance, as people age at different rates and cognitive abilities vary widely.
The average American is 39 years old - which is half the age of the sitting president - Donald Trump. When Ronald Reagan was inaugurated at 69 years old, he became the oldest person to have ever served as president. Donald Trump and Joe Biden are even older and are now - the two oldest men to ever be inaugurated as president. The average ages in the House and Senate at 58 and 64, are significantly older than the average American. A word often used to describe the nation’s governing class is “gerontocracy” - meaning government based on rule by old people. It's not just in the US either - around the world our political leaders are older than ever before. Why has this happened?Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The Channel:Patreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ sponsors@onfinance.org
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