Inertia is the real danger for ageing populations: Alexandra Miles
I recently read the book Time Bomb: When Ageing Explodes by Giles Merritt, which lays out why demography is one of Europe’s most underestimated economic threats. The argument is unsettling: ageing is already reshaping economies, politics and social contracts, and its effects will intensify. At the core of the challenge is a shrinking workforce. Merritt highlights how Europe’s post-war prosperity rested on a favourable worker-retiree balance, with five workers to each pensioner. Today, it is below 3:1 in much of Europe...
