October 2023
17Oct

The silver lining in India’s imminent ageing problem

India’s youthful population is often described as a key strength of the economy. India is among the youngest emerging market nations, and will remain so in the near future—a demographic dividend that makes it an attractive investment destination. According to the United Nations, a country is considered to be “ageing" if the share of the population over the age of 65 is more than 7%, “aged" when the share exceeds 14%, and “super-aged" when it crosses 20%. India will...

October 17, 2023
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16Oct

To counter its aging population, Vermont offers $5,000 for recent graduates to stay on

Vermont has joined the growing list of states hoping to retain young people by paying their student loans. The program, launched this year, will give recent graduates of Vermont colleges up to $5,000 if they stay and work in the state for two years. Lawmakers hope the initiative will keep more young people in Vermont. From The Hechinger Report in Vermont Public, Liam Elder-Connors reports. LIAM ELDER-CONNORS, BYLINE: A couple of months ago, Mohamud Diini was ready to leave Vermont....

October 16, 2023
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13Oct

As the U.S. birth rate falls, immigration reform may be ‘the answer hiding in plain sight,’ analyst says

As the U.S. fertility rate continues to fall, there are growing concerns about the long-term economic impact: A smaller population means less tax revenue, which could reduce funding for programs such as Social Security and Medicare. But immigration policy reform could be one solution, some experts say. The U.S. birth rate fell slightly in 2022 compared with 2021, with roughly 3.7 million babies born nationwide, and the birth rate still hasn’t recovered to pre-pandemic levels, according to an initial analysis from the Centers for Disease Control...

October 13, 2023
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12Oct

Don’t worry about global population collapse

The world’s massive human population is leveling off. Most projections show we’ll hit peak humanity in the 21st century, as people choose to have smaller families and women gain power over their own reproduction. This is great news for the future of our species. And yet alarms are sounding. While environmentalists have long warned of a planet with too many people, now some economists are warning of a future with too few. For example, economist Dean Spears from the University of...

October 12, 2023
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11Oct

By 2024, the 65-and-over age group will outnumber the youth group: new WHO report on healthy ageing

By 2024, it is estimated that the population of individuals aged over 65 years will outnumber those under the age of 15 in the WHO European Region. This trend means new social, economic and health challenges, which demand a focus on healthy ageing to mitigate the impact of an ageing population. WHO's report “Promoting physical activity and healthy diets for healthy ageing in the WHO European Region” navigates this shift, providing a roadmap for healthy longevity. Diets and physical activity...

October 11, 2023
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September 2023
29Sep

Does a Requirement to Offer Retirement Plans Help Low-Income Workers Save for Retirement? Early Evidence from the OregonSaves Program

By Ngoc Dao  This study examines the first implementation of the state-run retirement savings program in Oregon, known as OregonSaves, in 2017. It offers early insights into the substantial impact of this mandated program on retirement savings among previously uncovered private workers. Results from difference-in-difference models using SIPP data indicate a 12 percent increase in Individual Retirement Account (IRA) ownership among Oregon workers after the program’s roll-out. Notably, the study discerns significant gains for lower-income, single, and older workers, as...

September 29, 2023
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25Sep

UK: Future Of Work | Understanding An Ageing Workforce

We recently launched our report on an Ageing Workforce. The report was produced by Censuswide, who surveyed 700 employees aged between 35-55 and working in different industry sectors across the UK. It explores areas including benefits, pensions, retirement planning, training and skillsets and offers employers a valuable tool in their planning for incentivising, supporting and retaining older employees. The ability to work on a flexible basis and from different locations (including overseas) continues to be an important benefit, and one...

September 25, 2023
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22Sep

Population Aging and Economic Growth: From Demographic Dividend to Demographic Drag?

By Rainer Kotschy & David E. Bloom  This paper examines the extent to which changes in working-age shares associated with population aging might slow economic growth in upcoming years. We first analyze the economic effects of changing working-age shares in a standard empirical growth model using country panel data from 1950–2015. We then juxtapose the estimates with predicted shifts in population age structure to project economic growth in 2020–2050. Our results indicate that population aging will slow economic growth throughout...

September 22, 2023
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19Sep

US. Retirement plan derailed: 40% forced to stop working earlier than expected

However carefully you may plan for your retirement, the actual event might still catch you off guard. Financial advisers across the industry report that 40% of their retired clients were forced into retirement, according to a recent survey by Edward Jones. And 97% of the financial advisers surveyed agreed with the statement that retirement involved more surprises and challenges than their clients expected. The biggest financial shocks for retirees were cost-of-living increases (29%), having to provide financial assistance for family or...

September 19, 2023
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13Sep

China can’t just rely on boosting births to address aging population issues, Renmin University professor says

China can't just rely on increasing childbirths to address its aging population issues, said Du Peng, vice principal of Renmin University of China. Regardless of how many children are born in China, the number of people who are aged 60 and above will roughly double to more than 500 million in the year 2050, he told reporters during a talk on Wednesday. To minimize the economic impact of such population changes, he said policymakers can take action today: by raising the...

September 13, 2023
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