May 2023
17May

Hong Kong’s ageing population time bomb to leave a shortage of 60,000 residences for the elderly by 2032: JLL

Hong Kong will face a shortage of over 60,000 residences for the elderly by 2032 as the city’s population rapidly ages, before eventually becoming the world’s oldest society by 2050, according to JLL. The city’s Kwun Tong, Yuen Long, Sha Tin and Eastern district are among the areas with the most serious ageing problem, the property consultancy said in a report on Tuesday. In Kwun Tong, only one in 41 elderly people will find a place in elderly homes, it...

May 17, 2023
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16May

Loneliness can impact longevity & quality of life, claims study

Vivek Murthy, the US surgeon general, recently warned that "being socially disconnected" has a similar effect on mortality as smoking up to 15 cigarettes a day. This statement was widely reported in the media, including in the Washington Post, the Times and the Daily Mail. But where does this "15 cigarettes a day" figure come from? Dr Murthy is referring to a study published in 2010 that explored social relationships and mortality rates. The researchers combined the data from 148...

May 16, 2023
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09May

Impact of Spain’s Aging Population: Demographic Shift’s Effect on Major Sectors

Spain is a beautiful country known for its vibrant culture, stunning landscapes, and delicious cuisine. However, behind this facade lies a looming issue that threatens to shake the very foundation of Spanish society: an aging population. This demographic shift is having a profound impact on the country’s economy, social services, and overall way of life. This trend is expected to continue in the coming years, with the proportion of seniors projected to rise to 25% by 2050. As per the...

May 9, 2023
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08May

China pursues high-quality population development to support modernization

China has sent a clear signal to adapt to the new normal in its demographics in an effort to boost modernization by improving the overall quality of its population. According to a meeting of the Central Commission for Financial and Economic Affairs held last week, China is currently experiencing a trend of birthrate decline, population aging, and differentiation in regional population growth. The latest official data showed that China's population reached 1.41175 billion at the end of 2022, a drop of...

May 8, 2023
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04May

Studies on Aging and Late-Life Functioning Given Policy Impact Award

The National Health and Aging Trends Study (NHATS) and National Study of Caregiving (NSOC) have been awarded the 2023 Policy Impact Award by the American Association for Public Opinion Research (AAPOR). According to AAPOR, the award recognizes "outstanding research that has had a clear impact on improving policy decisions, practice and discourse, either in the public or private sectors." NHATS is designed to support policy-relevant demographic research investigating trends, trajectories, and consequences of late-life disability for individuals and families. NHATS...

May 4, 2023
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02May

Germany has a plan to tackle a rapidly aging workforce: recruiting robots

A robot takeover has long been the stuff of science fiction, but digitalization could be key in solving Germany’s labor shortage crisis, as its population ages. A record 45.9 million people were employed by Europe’s largest economy in the fourth quarter of 2022, the German Federal Statistical Office found. But, while more people than ever have jobs, over half of German companies reported that they were struggling to find skilled workers to fill vacancies, according to German Chambers of Commerce...

May 2, 2023
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April 2023
25Apr

‘Aging population holds economic prosperity for Nigerians, others’

Individuals across the globe, especially in developed countries, are aging at an unprecedented pace, making many countries increasingly reliant on migration to realise their long-term growth potential, says a new report from the World Bank. The ‘World Development Report 2023: Migrants, Refugees and Societies’ identifies this trend as a unique opportunity to make migration work better for economies and people. Conversely, Nigeria, Ghana and other developing countries that have rising youthful populations are set to benefit from the global aging population...

April 25, 2023
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24Apr

US. Megatrends: The Longevity Economy

Pick up a birthday card in the supermarket and you might find some humorous quips about longevity, like "Scientific research recently found that the more birthdays you have, the longer you live." In reality, though, that's an experience nearly 90,000 centenarians currently living in the U.S. can relate to and appreciate, according to data from the United Nations. It's also a phenomenon that is expected to increase over time: According to demographers from the U.S. Census Bureau, the number of...

April 24, 2023
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24Apr

India. National Pension System likely to get a facelift

The recently-formed committee on the National Pension System (NPS) will review the nearly two-decade-old scheme with an intent to enable it to provide higher pensionary benefits, with higher contributions from both the government and employees. According to a source, the panel, headed by finance secretary TV Somanathan, might suggest guaranteeing a certain pension similar to the Old Pension Scheme (OPS), but without reverting to the non-contributory system. The proposal is to usher in the guaranteed component “in a graded manner”,...

April 24, 2023
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21Apr

80% of Older Americans Cannot Pay for Long-Term Care or Withstand a Financial Shock, New Study Shows

A new analysis by the National Council on Aging (NCOA) and the LeadingAge LTSS Center @ UMass Boston finds that 80% of older Americans (47 million) continue to be unable to sustain a financial shock such as needing to pay for long-term care services and supports (LTSS) or the loss of income due to divorce or widowhood. The 80%: The Continued Toll of Financial Insecurity in Retirement looks at the total net value of all assets—housing, retirement accounts, income, and...

April 21, 2023
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