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Shock of Gray: The Aging of the World's Population and How it Pits Young Against Old, Child Against Parent, Worker Against Boss, Company Against Rival, and Nation Against Nation [Hardcover]

Ted C. Fishman
4.3 out of 5 stars  See all reviews (19 customer reviews)

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Book Description

October 19, 2010
The New York Times bestselling author of China, Inc. reports on the astounding economic and political ramifications of an aging world.

The world’s population is rapidly aging—by the year 2030, one billion people will be sixty-five or older. As the ratio of the old to the young grows ever larger, global aging has gone critical: For the first time in history, the number of people over age fifty will be greater than those under age seventeen. Few of us under­stand the resulting massive effects on economies, jobs, and families. Everyone is touched by this issue—parents and children, rich and poor, retirees and workers—and now veteran jour­nalist Ted C. Fishman masterfully and movingly explains how our world is being altered in ways no one ever expected.

What happens when too few young people must support older people? How do shrinking families cope with aging loved ones?

What happens when countries need millions of young workers but lack them? How do compa­nies compete for young workers? Why, exactly, do they shed old workers?

How are entire industries being both created and destroyed by demographic change? How do communities and countries remake themselves for ever-growing populations of older citizens? Who will suffer? Who will benefit?

With vivid and witty reporting from American cities and around the world, and through compelling interviews with families, employers, workers, economists, gerontologists, government officials, health-care professionals, corporate executives, and small business owners, Fishman reveals the astonishing and interconnected effects of global aging, and why nations, cultures, and crucial human relationships are changing in this timely, brilliant, and important read.


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Editorial Reviews

From Publishers Weekly

Armageddon looms thanks to increasing longevity, according to this fretful jeremiad. Fishman (China, Inc.) visits a number of locales--luxury retirement communities in Sarasota, Fla.; the rust-belt city of Rockford, Ill.; a village in Spain; Beijing--and everywhere finds a skyrocketing population over 65 with attendant problems: soaring medical costs, overwhelmed caretakers and government pension systems, and oldsters who feel sad and neglected. Fishman weaves these findings with all manner of demographic, economic, and cultural discontents, including plummeting birth rates, environmental degradation, underpaid immigrants, American industrial decline, globalization, and outlandish teen fashions. Unfortunately, conflating all this under the rubric of aging's "shockwave" obscures more than it reveals; while focusing on an unsolvable existential predicament--you can't keep people from aging--Fishman avoids investigating solutions to specific problems he raises, which are mainly issues of trade, industrial policy, and economic inequality, not necessarily longevity.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

Review

"Far-reaching and highly relevant...[with] a fast pace, global scope and jaw-dropping facts...Fishman has a keen ear...and he motors enjoyably through a huge quantity of date and anecdotes, sending out provocative flares along the way." -New York Times Book Review

"Readers should consider its messages and economic implications. What do we really want for ourselves, as individuals and a nation, as we age....The true mission of "Shock of Gray" is a...call to confront the demographic drama now unfolding in many middle- and high-income countries, not to proffer solutions." -Los Angeles Times

“Who would’ve thought that America’s aging population has spurred globalization? Ted Fishman’s exciting book–a series of stories really–knocked me off balance as I learned what’s in store for us as the world’s populace grows older and older. The observations in Shock of Gray are not just revelatory but profound.” -Alex Kotlowitz

"In 20 years, there will be 1 billion people over the age of 65, and China Inc.'s Ted Fishman has found the current examples that, along with an inexhaustible supply of demographic trends, illustrate the knotty-and at times terrifying-issues of global aging that await us. A must-read for young and old alike." - Fast Company

"The Chicago journalist behind China, Inc. is back with an investigation that’s both timely and terrifying. The subtitle—“The Aging of the World’s Population and How it Pits Young Against Old, Child Against Parent, Worker Against Boss, Company Against Rival, and Nation Against Nation”—says it all. (Though with his characteristic smarts, Fishman says it with a lot more nuance.)" -NewCityLit.com

Product Details

  • Hardcover: 416 pages
  • Publisher: Scribner; First Edition edition (October 19, 2010)
  • Language: English
  • ISBN-10: 1416551026
  • ISBN-13: 978-1416551027
  • Product Dimensions: 6.3 x 1.2 x 9.1 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (19 customer reviews)
  • Amazon Best Sellers Rank: #692,685 in Books (See Top 100 in Books)

More About the Author

Ted C. Fishman's essays and reports have appeared in The New York Times Magazine, Money, Harper's, Worth, Esquire, USA Today, GQ, Chicago magazine, and Business 2.0. A former floor trader and member of the Chicago Mercantile Exchange, he ran his own trading firm until 1992. A graduate of Princeton, he lives in Chicago.

Customer Reviews

Most Helpful Customer Reviews
34 of 35 people found the following review helpful
4.0 out of 5 stars A Look at Our Future November 7, 2010
Format:Hardcover|Amazon Verified Purchase
The book does not present a lot that is new unless you are new to the subject. I thought to myself as I read that it was a Cliff's notes version of year's worth university study in gerontology. The book is good for a beginner, or as a refresher, but does not have a lot to offer to someone already familiar with the discipline.

The book is strongest in its examination of the economics and sociology of an aging world population. It looks at Spain and Japan, because the problems of an aging population have already arrived there. The problems in those country foreshadow our own. Fishman looks at China because that country is a powerful economic engine, and looks at the United States because we live here.

The discussion of the physiology of aging is shorter but interesting. The chart of normal physical decline by decade accurately summarizes current thought and makes for entertaining reading. No discussion of the physical side of aging is complete without looking at what lets us live longer. The book delivers again the message that most of the decisions which determine how long we live are made at the societal level (pure water, uncontaminated food, decent sewers, and literacy). Some were made by our parents, but for those of us who don't smoke or go to war, there isn't much we can, as individuals, do about our longevity.

Fishman writes well about the social and economic aspects of aging. I think he gave the short end of the stick to the psychological aspects. He talks a lot about dementia and loss of cognitive capacity, but doesn't address any of the theories of adult development. He talks about the physical declines we see in our thirties, forties, fifties, but does not talk about the psychological responses and defenses that we use to adapt to the physical decline. I think that the book would have been better with more discussion of current thought in that area.

Fishman is a reporter, not an academic. Attempting to make the facts and statistics palatable he uses case studies--beginning with a person, or a family, or country--thereafter expanding from the specific to the general. After a few chapters of that, I found the technique tedious. I didn't want to meet another fascinating elder, or interesting town, or developing country. I wanted to get to the facts and figures.

I was generally pleased with the book. The subtitle is inflammatory--to sell books I suppose--but the text is not. We are facing problems as our population ages, but they are problems that arise from our self-interested decisions to quit living in poverty and seek fulfilling lives. The problems will require solutions that will change the societies we live in, but in many respects those changes will be for the better.
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12 of 13 people found the following review helpful
5.0 out of 5 stars Read it or be left behind! October 22, 2010
Format:Hardcover
Fishman has brought his characteristic reporting and analytical skills to one of the most important population trends of our day. What makes the book of note is the fact that it is written by a journalist rather than a gerontologist or any member of the gerontological establishment, who have been unwilling in the past to cast aging as a problem.Important also for business-minded folk who want a leg up on the future. Get the book!
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9 of 10 people found the following review helpful
5.0 out of 5 stars Epic Research October 27, 2010
Format:Hardcover|Amazon Verified Purchase
Ted Fishman established his reporting prowess, trend recognition ability and story-telling flair with his excellent book, "China Inc."
"Shock of Gray" is an even more important work as it brings to life one of the most important issues of our time--the aging of the world. Most of us would like to live longer, healthier lives but what does that mean for our economy? For the legacy we leave our children? For the chances that we'll be able to live out our retirement? Mr. Fishman takes us around the world as he answers these questions with graceful clarity. We will be referencing this book for many decades to come. --Dan Buettner
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Most Recent Customer Reviews
5.0 out of 5 stars A great read
For anyone interested in the aging population of our planet and its ramifications on everything from the workplace to its impact on young people this book is a must. Read more
Published 13 days ago by Shirley M. Corbin
5.0 out of 5 stars Wake up and smell the Bengay
Thought provoking look at how the face of the world is changing. Reminded me of my Fathers favorite saying "Make reality your friend". Read more
Published 1 month ago by Rhett McSweeney
2.0 out of 5 stars Good at the start but gets repetitive
I liked this at first, some good information and thought provoking for what the future will hold with population shifts. Read more
Published 3 months ago by Zelda
3.0 out of 5 stars interesting read!
a very interesting book about the aging of populations everywhere in the world..the trend will continue to get worsen. Author uses quite a few examples on the generation "gap"... Read more
Published 10 months ago by David Ip
5.0 out of 5 stars Thought-provoking look at the graying of the planet
If age is just a number, then that number is about to present enormous global consequences in the next few decades. So says veteran journalist Ted C. Read more
Published 20 months ago by Rolf Dobelli
1.0 out of 5 stars very poor audio engineering
Might be good, don't know. I couldn't get past the narrator gasping for breath after every phrase. Did the anyone listen to this before publishing it? Too bad.
Published 20 months ago by B. Johnson
4.0 out of 5 stars Senior Wealth & Spending
Shock of GrayI must admit that I have not yet read the book. However, I did view the author being interviewed on C-Span's Book Review. Read more
Published 21 months ago by Dan Darrel
4.0 out of 5 stars Less and more
Mr. Fishman is smart enough to know what he left out in his book and the writers of the 3 and 4 star reviews have it right. Read more
Published 22 months ago by G. Steen
5.0 out of 5 stars How to think about a global cultural and economic phenomenon
Ted Fishman has a knack for tackling enormous topics. His first book, "China Inc.," gave us ways of thinking about the greatest engine of economic change today. Read more
Published 23 months ago by B. C. Ziv
5.0 out of 5 stars outstanding and terrifying
Shock of Gray is something you should read but not because it's a feel-good story. More like a wake up call to the growing gray population globally and how all of us will be... Read more
Published 24 months ago by The reader
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