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Patrick Boyle On Finance

Why Are Politicians So Old?

Patrick Boyle On Finance

Patrick Boyle

Business, Investing

4.9308 Ratings

🗓️ 4 March 2025

⏱️ 19 minutes

🧾️ Download transcript

Summary

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

Transcript

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The average age of world leaders has been rising over the last 50 years. Back in 1975, the average

0:51.2

president or prime minister was 55 years old. Today the average is 62. Not just that,

0:58.8

but nine out of the 10 most populated countries in the world today have leaders over the age of 70.

1:05.5

That's an improvement. In 2024, it was all 10. In African countries where the populations are youngest, the leaders are amongst the oldest.

1:15.9

The Central African Republic has the youngest population in the world, with a median age

1:21.2

of 14 years old.

1:23.3

But its president is 67 years old.

1:26.3

In Uganda, where the median age is 18, the leader is 80 years

1:30.7

old. And the president of Cameroon is the oldest serving state leader at 92 in a country

1:37.7

where the average age is once again 18. According to the economist, countries that have less of a say in who they're governed by

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