Is this really a crisis? Or is it only a crisis because we've built the global economy around the idea that "number go up" forever? Growth at all costs, even cooking the planet, is central to capitalist mindset that dominates the world.
We're also currently devoting an absurd amount of resources developing technology aimed at replacing as much human labor as possible. All this while Western culture continues to indoctrinate us with the belief that our lives are meaningless without the jobs they are also trying to eliminate.
It kind of is a crisis. You will have lot of elderly people who will be expecting smaller younger generation to take care for them, while younger generation won't be able to do that while also trying to establish themselves, which will repeat for next generation with greater magnitude and so on...
Currently we have here a social system with a positive feedback loop which will eventually rip itself apart.
My grandma is in hospice right now. Her son (my uncle) and myself continually visit and are involved in decisions surrounding her care. My uncle is being willed her estate. My uncle has no children. I have no children. At some point relatively soon there is going to be a lot of assets locked up with a geriatric population with no heirs.
We're also currently devoting an absurd amount of resources developing technology aimed at replacing as much human labor as possible. All this while Western culture continues to indoctrinate us with the belief that our lives are meaningless without the jobs they are also trying to eliminate.