December 2022

2022 Natixis Global Retirement Index. Danger Zone. Global retirement security challenges come home to roost in 2022

By Natixis When we introduced the Natixis Global Retirement Index in 2012, the world had just emerged from the global financial crisis: Memories of market turmoil were still fresh. Inflation was low, but so was growth. Central banks had slashed interest rates to all-time lows. Balance sheets had ballooned from asset repurchase programs. And public debt had swelled to record highs around the globe. On top of it all, the first wave of the Baby Boom generation had just reached retirement...

These are the best countries to retire in

Our global population is getting older. By 2050, the OECD predicts that 30% of people worldwide will be aged 65 or over. While some countries are relatively prepared to handle this increase in the elderly demographic, others are already feeling the squeeze and struggling with the challenges that come with a rapidly aging population. Which countries are the best equipped to support their senior citizens? This graphic uses data from the 2022 Natixis Global Retirement Index to show the best countries...

November 2022

The countries with the oldest populations

Declining birth rates, rising divorce rates and increasing life expectancy are among the many factors changing demographics around the world. In fact, many countries are experiencing an overall aging population. According to a 2019 World Bank study, the following countries have the oldest populations. Bulgaria Just over 21% of Bulgarians are aged 65 and over, which contributes both to the general aging of the population and to one of the fastest depopulation in all of Europe. As a result of the...

Why an aging population doesn’t spell economic doom

The world’s population passed the 8 billion mark on Nov. 15. While that’s a big number, the rate of population growth has slowed in recent decades, and fears about the “population bomb” are easing. Instead, a different but still formidable demographic challenge is taking shape on the horizon: global aging. According to a recent International Monetary Fund article, the number of children worldwide under the age of 15 will equal the number of people over 65 in 2050. The ratio...

US. As Biden turns 80, people ask ‘What’s too old?

Joe Biden turns 80 on Sunday, making him the first octogenarian president in U.S. history. He is set to celebrate his birthday with a brunch hosted by his wife, Jill, a celebration that got an extra lift this weekend with his granddaughter's wedding at the White House on Saturday. With Biden already the oldest person to serve as president, the 2024 race for the White House is shaping up to be uncharted territory for the United States. The nearly 250-year old...

The world’s baby shortfall is so bad that the labor shortage will last for years, major employment firms predict

“Demographic shifts” can mean many things. The composition of a body of people—median age, ethnic makeup, and more—all fall into the category. But in the context of the labor shortage that has gripped the world economy since the pandemic began, it has coincided with one of Elon Musk’s big worries: The world isn’t having enough babies. He has previously said the world’s declining birth rate is “one of the biggest risks to civilization,” which will “crumble” if the world doesn’t have...

How will aging nations pay for their retirees?

If governments rack up debt to support their senior citizens, inflation may be here to stay As the world’s population crosses 8 billion, it’s getting older. On average, the bloom of youth came around 1970, when the median age of the world was roughly 21; by 2100, that figure will have climbed to 41 or 42. Forty is, of course, the new 20⁠—but this number is just an average. Many countries, particularly in Africa, will be younger, but the world’s most...

Global population hits 8 billion, doubling in 48 years

The world’s population has reached 8 billion, up by one billion in just 11 years since the population hit 7 billion in 2011. On Tuesday, the UNDP announced that the world’s population had hit 8 billion. UN Secretary-General Antonio Guterres said in a statement that it is a “milestone in human development,” and that this is an “occasion to celebrate diversity and advancements while considering humanity’s shared responsibility for the planet.” Since 1974, when the global population first exceeded 4 billion,...

Age for starting savings for pension drops in China

The average age for starting saving for a pension dropped sharply in China from 38 to 35, according to a survey on the prospect of China's elderly care released by Fidelity International and Ant Fortune on Tuesday, the Paper reported. Perceptions on and behaviors for retirement planning continue to improve when China's personal pension policy landed as a third pillar to support the country's pension system with the basic endowment insurance as the first pillar, and the enterprise annuity as...

Time to address declining birth rates in the Middle East

Strong economies rely on the right combination of population demographics, skill sets and resources to achieve remarkable performance. However, in recent years, many countries have recorded alarming, record-low birth rates, with dire and multifaceted consequences. To illustrate the gravity of this issue, countries need a replacement rate of 2.1 children per woman to maintain a stable population size. Nonetheless, in 2021, the fertility rate in many countries was below this figure. For instance, Australia recorded 1.7 births per woman, while...