November 2022
24Nov

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...

November 24, 2022
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21Nov

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...

November 21, 2022
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18Nov

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...

November 18, 2022
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17Nov

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...

November 17, 2022
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16Nov

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,...

November 16, 2022
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16Nov

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...

November 16, 2022
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14Nov

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...

November 14, 2022
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07Nov

These are the World’s Top 10 Retirement Destinations for 2023

World-renowned author and overseas retirement expert Kathleen Peddicord selects top retirement destinations plus a bonus list of the top 5 ‘Jet Set Destinations’ the leading resource for people who want to live, retire, and invest overseas, announced today its annual index of the 10 best places in the world to retire in 2023. This year, a bonus list of five jet set, luxury destinations will also be featured. The full index will be available to purchase in January 2023 at...

November 7, 2022
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02Nov

Taiwan to have world’s lowest birthrate by 2035

Taiwan is expected to replace South Korea as the country with the lowest birthrate by 2035, population projections by the National Development Council showed. The nation’s birthrate is expected to be the lowest in the world with 1.12 births per woman in 2035, when South Korea’s birthrate is expected to be 1.18, data released by the council showed. Taiwan previously had the lowest birthrate in the world when the number fell to 0.9 births per woman in 2015, but the figure...

November 2, 2022
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October 2022
25Oct

Number of pensioners in poverty on the rise in Germany

The aim of the pension system in Germany is to ensure that anyone who has spent a good portion of their life working can draw upon decent pension benefits when they retire. But according to a new report, for a rising number of people, the old-age pension is not enough to live on. 628.000 pensioners in Germany drawing basic subsistence benefits A growing number of pensioners in Germany are being forced to rely on basic subsistence benefits, as well as...

October 25, 2022
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