. . . it only gets worse from here.
It seems like nary a day goes by without the loss of a music, film, sport, or literary legend. Prince, Bowie, Mose Allison . . . the list goes on. Cries of "2016 needs to be over already!" plaster the Facebook feeds.
Well, it's only going to get worse. Like for the next 35 years or so. One more thing to suck about getting old.
Actuary that I am, I took a look at demographic and mortality trends among potential 'legends' and projected out the number of deaths we can expect in a year. But first, some definitions and some assumptions.
Who should we include in our pool of potential legends? I took a couple of approaches. First, the youngest to pass away this year was probably Prince at 57. In addition, if we assume a full career of at least 35 years and start them at 20, we get to 55. This eliminates the Paul Walkers and Buddy Hollys of the world (and John Lennons and Elvis Presleys so there may be an argument for moving the line lower, results will not change). Finally, drawing the line at 55 may miss the occasional Jay-Z, but most folks my age would not consider his passing a tragedy, so we start with a cohort of 55 years old or older.
I used United States data only because it's handy. I assumed legends matched the U.S. population in terms of distribution (probably more male than average) and mortality (hard to say - they've lived hard lives, but are, on the whole, wealthier than average and better able to care for themselves). I did no intra-year distributions of death. For you geeks, I used the RP-2014 mortality table without improvements. Here's what 10,000 Americans aged 55 and over look like in 2016 according to Census Bureau projections:
This is what life insurers would call a 'closed block'. We're not going to add new legends each year so when they're gone, they're gone. You'll note we have a fair number in their 70s, but many more coming from behind: the Mark Spitzes, the Bruce Springsteens, the Phil Collinses. This cohort will be driving the news for years to come.
When we apply mortality to this group, the future looks like this:
Again, this is deaths per 10,000 'legends'. A steady increase for the next 20 years or so, peaking at a rate about 50% higher than 2016. If you're lucky enough to live that long, get ready for a lot more bad news.

