The oldest Baby Boomers turned 50 in 1996. More of those considered elderly will be over the age of 75. In 1995, for the first time, Americans spent more money on computers than on televisions. The number of cellular phones jumped from fewer than 1 million in 1985 to more than 90 million in 1998. Driven in part by technology, the world's fund of information doubles every 2 to 2.5 years.
Scientific information doubles every five years.
By the time a child born today completes college, the body of knowledge may have quadrupled. By the time he or she is age 50, it may have grown 32-fold. Regulation may increase in reaction to the growth of enterprise and growth in technology. Power continues to shift to state and local government. At the same time, global regulation is likely to increase.