December 2022
20Dec

UK. Early retirement and our ageing population are causing labour shortages, says Lords report

Economic inactivity has increased by 565,000 people since the start of the pandemic - a stark reversal of what was happening before 2020. The biggest contributor to this change has been an increase in early retirement, the House of Lords Economic Affairs Committee concluded today in its report “Where have all the workers gone?” Background Earlier retirement is the biggest of four factors that have made it harder to fill jobs. Increasing sickness; changes in the structure of migration; and an...

December 20, 2022
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20Dec

The rise of age-friendly jobs and what employers need to know

Ageism in the workplace is a growing concern. A recent Washington Post story on the futility of age-discrimination lawsuits highlighted two troubling data points: In a recent survey conducted by the American Association of Retired Persons, 61% of workers 45 and older reported seeing or experiencing age discrimination. And a study by the Urban Institute and ProPublica found that 56% of workers 50 or older were pushed out of longtime jobs before they chose to retire. This economic and ethical...

December 20, 2022
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15Dec

Fintech Is Coming For Benefits: Best Practices For Employers

Fintech is increasingly touching every aspect of our lives, from retail to banking to blockchain, and now it’s coming for employee benefits. But how could fintech innovation change employer benefits? Employee benefits are essentially a payment or subsidy to employees—with some strings attached. They can apply this payment to specific areas, such as health, student loan debt, 401(k) plans, transportation and more. Benefits are among the biggest drivers of why employees choose companies—and stay. Yet benefits plans remain, in many instances,...

December 15, 2022
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14Dec

Germany. Scholz wants to limit early retirement to weather German labour crisis

While Germany's chancellor Olaf Scholz has called for policies to discourage people from taking early retirement, the FDP is looking to Sweden for inspiration, considering the economic benefits of a more flexible retirement policy and how it may help plug the country’s labour shortage. Scholz calls for cutbacks in early retirements Germany’s chancellor Olaf Scholz has made an appeal to people over the age of 60, calling on them to delay their retirement. The SPD politician said that pension-age people delaying...

December 14, 2022
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08Dec

Intergenerational Solidarity

By Alan Gutterman Aging is a natural progression of the life cycle and society will always have persons of different ages who need to learn to live alongside one another. One of the most consistent themes in the debate regarding the realization of the human rights of older persons is the need to strengthen “intergenerational solidarity” between and among all levels of families, communities and nations in order to achieve social cohesion and a society for all ages and build...

December 8, 2022
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November 2022
29Nov

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...

November 29, 2022
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25Nov

PEPP: Catalyst for Pension Innovation?

By Hans van Meerten & T.J.B. Hulshoff In the past two decades, several traditional markets have been 'disrupted' by parties with new business concepts, new technology and, above all, a big focus on consumer experience. Music, video, books, taxi, hotels, banks, meal delivery; examples abound. Is the personal pension savings market up for grabs? If it is up to the EU, yes. Through new PEPP legislation. But will this actually happen? Are providers and consumers ready for this? And what...

November 25, 2022
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25Nov

41% of U.S. women expect to retire at age 70, older or not at all: survey

Two-fifths (41 per cent) of U.S. women say they expect to retire at age 70 or older or don’t plan to retire at all, according to a survey by the Harris Poll on behalf of the Transamerica Center for Retirement Studies. Among women who plan to work past age 65 or who don’t plan to retire, 81 per cent cited financial reasons. Nearly half (45 per cent) said they expect to rely on self-funded savings or investments in retirement, while...

November 25, 2022
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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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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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