The Long Decline in Child Mortality

CA - 2016-6-5 - Child MortalityIf you think the world is going to hell in a hand basket, step back and look at the bigger picture.  One important statistic is child mortality—the number of children who perish below 5 years of age.  Over the last 50 years, the world has experienced a hundredfold decrease in this key measure of health, to the point where, in the more developed nations, it is now lower than 1%.

The chart shows the extent of the decline, and how the odds of living past the age of 5 have improved in the late 20th and early 21st centuries.  The longest data-set is from Sweden, where, in 18th century, every third child died, and famines and disasters created a whipsaw pattern of survival.  But you can see that the developed countries, and one major African nation, have experienced dramatic improvements in modern times.  Overall, global child mortality fell from between 300 and 500 per 1,000 live births (30-50%) to 18.2% in 1960, and further to 4.3% in 2015.

This is further evidence of a much bigger trend: that overall, the quality of life around the world is improving.  You won’t see that in the headlines or in the news industry’s focus on negative events, but if you can manage to step back and see the big picture, the larger trends are encouraging.

Sources:

https://ourworldindata.org/child-mortality/

About Objectively Speaking

Tom Batterman, founder of Vigil Trust & Financial Advocacy and Financial Fiduciaries, LLC is in the business of representing the best financial interests of his clients. Having provided objective, fee-only financial management services for over two decades, he specializes in managing the investment and related financial affairs of individuals and mutual insurance companies who do not have the time, interest or expertise to manage such matters on their own. As an objective, unbiased professional who takes on a fiduciary responsibility to his clients, he guides clients to the financial decisions they would make themselves if they had years of training and experience and the time and expertise to fully research and understand all of their options. Founded in 2010 as an outgrowth of Vigil Trust & Financial Advocacy, Financial Fiduciaries, LLC is a financial management solution for individuals and mutual insurance companies who recognize they do not have the time, interest or expertise to properly attend to their financial matters on their own. While there are many financial “advisors”, most of them have investment products to sell and the “advice” they provide is geared toward getting their clients to engage in a purchase. As one of the rare subset of advisors known as “fiduciary advisors”, Financial Fiduciaries does not sell any investment product so its guidance is not compromised by conflicts of interest which plague ordinary advisors. Prior to his employment in the financial industry in financial advocacy and trust positions, he worked at a private law practice in the Wausau area in the areas of estate planning, tax, retirement planning, corporate organizations and real estate. He is a graduate of the University of Wisconsin-Madison and the UW-Madison Law School and has during his career held Series 7, 24 and 65 securities licenses. A longtime resident of the Wausau, Wisconsin Area, Tom is active in the community. He enjoys golf, curling, skiing, fishing, traveling and spending time with his family.
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