July 2022
29Jul

‘How do you grow an economy without young people?’: What falling birth rates mean

Falling birth rates across nearly all the developed world – and now much of the developing world – have demographers like Paul Morland concerned. While the planet as a whole is projected to be home to 9.8 billion people by 2050 – up from 7.96 billion today – a vast number of countries, from within Europe to South-East Asia to the Americas, are dealing with decades of sub-replacement fertility, which means a total fertility rate (TFR) below the 2.1...

July 29, 2022
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27Jul

China faces largest retirement wave in next 10 years

It is estimated that in the next 10 years, an average of 20 million people will retire each year, according to a recently published article by Banyuetan, a journal under China’s Xinhua News Agency. According to mainland media, the first impact of the retirement wave is the significant decline of the working-age population. Peng Xizhe, Dean of the Institute of Aging at Fudan University, pointed out that in the tide of retirement, more than 20 million people will retire every year....

July 27, 2022
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26Jul

Shifting Our Aging Society From A Burden To An Asset

Each year the World Economic Forum publishes its Global Risks Report, which aims to outline the biggest threats facing society in the year ahead. The 2022 edition features many common sights, including climate action failure, extreme weather, and biodiversity loss. Such catastrophic events often succumb to the so-called availability heuristic, whereby we're naturally drawn to the things we're familiar with. In the case of the kind of threats posed in the Global Risks report, these are all risks that...

July 26, 2022
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25Jul

China’s population to start to shrink before 2025: Global Times

China's population growth rate has slowed significantly and is expected to turn negative ahead of 2025, the state-backed Global Times reported, citing a senior health official. Birth data released late on Sunday showed that the number of new births in 2021 was the lowest in decades in several provinces. The number of births in the central Hunan Province fell below 500,000 for the first time in nearly 60 years, the Global Times said. Only China's southern Guangdong Province had more than...

July 25, 2022
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15Jul

Rising life expectancy in Africa triggers urgent need for pension penetration

Governor John Rwangombwa of the Central Bank has said that the improved life expectancy in Africa is a positive factor on its own but it rings an urgent call to increase pension penetration on the continent. He was speaking during the 3rd Africa Pension Supervisor Forum that started on Thursday July 14. Started in 2019, the forum offers a platform where pension regulators share ideas, information, and reform issues that are challenging the sector across Africa. Discussions include performance of the pension...

July 15, 2022
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11Jul

World Population Day 2022: The impact of a rapidly ageing population on the world as we know it

World Population Day is observed on July 11 every year and the theme for World Population Day 2022 is "A world of 8 billion: Towards a resilient future for all – Harnessing opportunities and ensuring rights and choices for all”. There have been growing concerns over the dynamics of the world’s population. According to the World Health Organization (WHO), by 2050, the world’s population aged 60 years and above will double to about 2.1 billion people. Due to people worldwide...

July 11, 2022
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05Jul

China Turns to Automation and Robotics to Solve Aging Problem

The impact of an aging population has taken a toll on China’s economy. Industrial automation and robotics could be the solution. We believe that China is at the beginning of a structural shift thanks to the country’s policy support, demographic trends and technological progress. Furthermore, the ongoing trend of domestic substitution will likely provide a fertile breeding ground for local champions to be born and thrive – and our portfolio companies Shenzhen Inovance Technology Co., Ltd Class A (“Inovance”) (0.64%...

July 5, 2022
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June 2022
30Jun

Vanderbilt University Launches Study on LGBTQ+ Aging, Health Disparities

Researchers have launched a four-year longitudinal study of older LGBTQ+ people in the South to better understand aging and health disparities in the community. A team of researchers from Vanderbilt University has announced the first-ever longitudinal study of LGBTQ+ aging to better understand stress, resilience, and health disparities in this infrequently studied population. The effort, known as the Vanderbilt University Social Networks, Aging, and Policy Study (VUSNAPS), is entirely comprised of LGBTQ+ people, including older LGBTQ, nonbinary, and gender non-conforming adults....

June 30, 2022
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27Jun

Vietnam: Most citizens grow old without retirement funding plans

Many Vietnamese citizens likely to grow old without any savings or retirement plan due to low income and lack of access to elderly care. Ms Luong Thi My Hanh, head of domestic asset management at investment fund Dragon Capital Vietnam, said most Vietnamese workers do not have a retirement plan and are focused merely on meeting daily needs, according to a report in VnExpress. Most of them save for short-term goals and usually spend all the money they have, she added. Over...

June 27, 2022
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22Jun

South Korea saw biggest natural population decline for the month of April

The number of deaths in South Korea recorded in April rose to an all-time high for that month. According to Statistics Korea, in April, there were almost 37-thousand deaths, which was a whopping 46.3 percent increase from a year earlier. As for the number of births, it was the 77th month in a row almost six-and-a-half years straight that the number of babies born has declined. Births came in at a little over 21-thousand, which was down 7 percent from a year...

June 22, 2022
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