January 2025
20Jan

Pension crises ‘will start to bite’ over next decade, WEF risk report finds

Pension crises “will start to bite” over the next decade in super-ageing societies, according to the World Economic Forum’s (WEF) Global Risks Report 2025. Super-ageing societies feature as a key theme in this year’s edition, which is linked to risks such as inequality and societal polarisation. A super-ageing society is when over 20 per cent of a country’s population is over 65 years old. Several countries have already exceeded that mark, such as Japan, Italy and Germany. However, many more countries across...

January 20, 2025
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20Jan

An Older America Will Be Less Prosperous, But We Don’t Have To Get Old

America is getting older. Between 1980 and 2022, the median age increased from 30 to 39. An older population will impact the country in a variety of ways, some more obvious than others. One likely yet underappreciated impact will be less entrepreneurship. A new study by Rui Zhang and Mengyao Kang published in the Journal of Regional Science finds that countries with higher shares of elderly people have fewer entrepreneurs and new businesses. The increase in America’s median age coincides...

January 20, 2025
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16Jan

The gap is widening between super-ageing and youthful populations. Experts explain the implications

The World Health Organization defines “super-ageing” societies as countries with more than 20% of their population over the age of 65 years old. From pension crises to labour shortages, super-ageing societies pose a global economic and labour market risk over the next decade and beyond, even for countries still benefiting from their demographic dividend. The World Economic Forum’s Global Risks Report 2025, highlights these concerns. With that in mind, we asked our in-house experts the following question: Global demographic divergence is expected to...

January 16, 2025
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10Jan

2024 Ageing Report: Economic & Budgetary Projections for the EU Member States (2022-2070)

By European Commission This report was prepared as part of the mandate the Economic and Financial Affairs Council gave to the Economic Policy Committee (EPC) in 2021 to update and further deepen its triannual projections of age-related expenditure based on new population projections by Eurostat. The work to fulfil this mandate is performed within the EPC’s Ageing Working Group (AWG). The 2024 Ageing Report provides long-term projections for public expenditure on pensions, healthcare, long-term care and education in the European...

January 10, 2025
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10Jan

The regions racing to become the “Silicon Valley” of an aging world

In 2018, when Inc. Magazine named Boston one of the country’s top places to start a business, it highlighted one significant reason: Boston is an innovation hub for products and services catering toward the aging population. The “longevity economy” represents a massive chunk of economic opportunity: As of 2020, the over-50 market contributed $45 trillion to global GDP, or 34 percent of the total, according to AARP and Economist Impact. What makes Boston such a good place to do business in aging? One important factor,...

January 10, 2025
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08Jan

UK politics needs to take a long-term view on social care

Past attempts to reform social care by both Labour and the Conservatives have failed.  The recent commission of an independent review led by Baroness Louise Casey into the state of social care provides a beacon of hope. Nicholas Barr argues that a long-term view on social care is the only plausible solution. Enjoying this post? Then sign up to our newsletter and receive a weekly roundup of all our articles. Social care in England, though a known problem, has remained chronically underfunded for decades, and has...

January 8, 2025
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06Jan

Vietnam. Declining fertility rate predicted to lead to workforce shortage

A prolonged low birth rate is forecast to directly impact the size and structure of the population, leading to consequences such as labourer shortages, rapid population aging, and population decline. Vietnam's replacement fertility rate has dropped to its lowest level in the last 12 years and is projected to continue decreasing in the coming years, according to a report of the General Department of Population under the Ministry of Health (MoH). Currently, 21 cities and provinces in Vietnam have reported low...

January 6, 2025
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December 2024
20Dec

Empowering the Next Generation: Adapting Hong Kong’s Workforce for Tomorrow

As we look toward the future of work in Asia, understanding the evolving dynamics of the workforce is crucial, particularly in the Hong Kong market. Mercer’s 2024 Global Talent Trends survey reveals that generational shifts, especially the influence of Gen Z, are reshaping workplace expectations and strategies. With a strong emphasis on flexible work arrangements, well-being, and technological engagement, companies in Hong Kong must adapt to meet the needs of this emerging workforce. By fostering a work environment that aligns with...

December 20, 2024
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18Dec

How the place where people live influences aging in Spain

As the population ages and grows in our cities, the question arises of whether this environment is truly a suitable space for older people to live fully, with health, comfort, and quality of life. Although cities offer access to medical services, social activities, and amenities that are often lacking in rural areas, they also present barriers that limit the quality of life. Are our streets and services really adapted to their needs? Are we making enough progress? Are rural...

December 18, 2024
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16Dec

India. Why a nation of 1.45 billion wants more children

Last year, India nudged past China to become the world's most populous country, according to UN estimates. With nearly 1.45 billion people now, you'd think the country would be quiet about having more children. But guess what? The chatter has suddenly picked up. Leaders of two southern states – Andhra Pradesh and Tamil Nadu – have recently advocated more children. Andhra Pradesh is mulling providing incentives, citing low fertility rates and ageing population. The state also scrapped its "two-child policy" for local body elections,...

December 16, 2024
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