Millennial Deaths Surge As Opioid Crisis Deepens

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 and the financial economies has become more evident than ever, as many young millennials who are trapped in the real economy with high debts and wage stagnation are dying at an alarming clip.

The figures are so concerning 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,

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According to the 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?

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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 death rates remained depressed or even stagnated, while they sat back, played bingo, and watched the younger generation implode on itself.

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This momentum of millennial deaths is astonishing. The trend does not bode well for the next decade - the period during which millennials are expected to take over the workforce - which however may explain the rapid ascent and increased reliance on AI and automation.

According to the CDC, the explanation for the exploding deaths is simple: young Americans are overdosing on drugs, particularly opioids. 

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.

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Quarterly provisional overdose estimates from 2016 via the CDC show death rates are trending higher; suggesting 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.

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"Would you like some opioids with that avocado and toast?"

Unfortunately, the opioid crisis will only get worse as it consumes the millennial generation, which is a double whammy for the US economy as Millennials age and are set to dominate the most productive age segment of the US labor market. Even the Federal Reserve has warned  about the impact of the opioid crisis on productivity and the labor market.

But then again, an army of robots is quietly rising in the shadows, waiting for the moment of social acceptance before it pounces and formalizes the next labor (and capital) revolution.

Comments

Offthebeach Entitled_TD Jan 6, 2018 9:25 AM Permalink

It's still all there. The US is fat rich, and easy, as you please or want.  Most every single 65 year old Billionaire would trade right now, this very instant, to be 25 again, buck naked  in the Bronx, flat broke, knowing no one.

People have cancer, their only child in unknown minutes from a fatal headon collision......all sorts of terrors.

Quit being part of the problem, unless you are a problem to baddies.  Life is short.   

 

 

 

In reply to by Entitled_TD

jeff montanye carlnpa Jan 5, 2018 10:08 PM Permalink

well portugal is not that rich, although not having to fight multi trillion dollar wars for israel has got to have saved the country something.

at the turn of this century, portugal decriminalized all drugs and changed addiction from a criminal problem to a health problem. so now nearly no one goes to jail or dies from drug use/abuse in portugal.

https://www.google.com/search?client=safari&rls=en&q=no+one+dies+from+d…

In reply to by carlnpa

jmack Milton Keynes Jan 6, 2018 6:09 AM Permalink

    And there you unintentionally pointed to the real reason for the problem. Cultural acceptance.  You reference a fictional character from a corrupt media industry that is propagandizing you, and you refer to it as an example of Truth.   

 

     You have accepted a lie as reality and and the result of that on the wider population is acceptance of taking deadly drugs to cope with issues, and dying, instead of finding other alternatives.   

In reply to by Milton Keynes

ed31337 overbet Jan 6, 2018 12:17 AM Permalink

I used to have trouble getting to sleep. My mind was always racing, always thinking about something and just wouldn't quit.

Thank goodness for YouTube. I have no trouble falling asleep now. Some of these guys making YouTube videos about gardening have no clue how boring, yet surprisingly relaxing their videos are.  Much better than turning to drugs for sleep aid.

In reply to by overbet

rwe2late overbet Jan 6, 2018 10:14 AM Permalink

 overbet,

"all drug problems"

is NOT the same as "all drug use" (or alcohol, or tobacco).

 

Nor are "all drug problems" (legal, illegal, physical side effects)

a result of "mental disorders".

 

You obviously can make an over-generalized, misleading, somewhat circular argument.

Maybe you could qualify for a job as a spokesperson for J. Sessions.

 

In reply to by overbet

Oldwood Yukon Cornholius Jan 5, 2018 9:31 PM Permalink

Fentanyl is pouring across the borders from Mexico killing Americans across the nation. 

Obviously the solution is legalization. 

Maybe even give it away for free. Allowing people to feel free, helping them become dead free and freeing us from subsidizing them.

The sooner we sort out the idiots from the rest the better, right? Drugs, the ultimate social modifier.

Luckily we live in a world focused on feeling, and drugs do more for feelings than any progresssive giveaway or social justice punishment of white privilege ever could.

In reply to by Yukon Cornholius