An aging population represents a major challenge for many countries around the world. Falling birth rates coupled with rising life expectancies are likely to place significant pressure on labor markets, healthcare and pension systems. OECD data reveals how a number of countries are facing particularly rapid aging.
The greatest Ponzi scheme in history.
Social welfare is going to become a lot more expensive.
The working age will be 85 by 2050. Problem solved /s
I think the scariest part of this is that these demographic projections probably fail to take into account the snowball effect of young people emigrating from some of these faster aging societies as things start to get worse. As they start to feel the double squeeze of more taxation and less economic opportunity many young people, especially young people with in-demand talent and education, will be looking abroad to advance their careers and start families. This could lead to a very fast collapse in some of these countries as they just become old folks homes with no tax base to fund services.
and then there’s Poland lowering retirement age
Well well well, it looks like India, LatAm, and the Arab world might just have a louder voice this century.
Only solution for Europe is to start allowing mass migration from Africa, it will make the economy so dynamic
Humans are a flexible bunch, a new economic dynamic will emerge from this
The jump of Spain, Italy, China and South korea is mind boggling and the UK is surprisingly much older than the US I thought they would be neck to neck considering the amount of migrants in the UK
That’s the result of people taking everything for granted and thinking the post-WWII welfare state was the default status quo instead of a historically exceptional case. It makes me very sad that we’re proving to be completely unable to take care of one of the most fantastic things that’s ever existed.
I’d fix it very easily: You made no attempt at having kids? Ok, no pension for you.
The problem is solving itself. The boomers will not get the healthcare their parents got and the average lifespan will continue to decline. Also retirement age will continue to increase especially once the pension ponzi scheme rug pull is activated and boomers realize they only have value in selling their houses.
Italy to stagnate for another 27 years, great work guys
Public pensions need to go for the most part. A great idea that doesn’t go well with people not having 2 kids on average.
We can learn from Japan today. Just spend more frickin money.
Working age 20-64?
That is below the official retirement age in Denmark. It is currently between 66 to 68, and people born late in the previous century can expect to be 74 before retirement. Dependent of course on life expectancy. If that goes up, so does the retirement age.
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An aging population represents a major challenge for many countries around the world. Falling birth rates coupled with rising life expectancies are likely to place significant pressure on labor markets, healthcare and pension systems. OECD data reveals how a number of countries are facing particularly rapid aging.
The greatest Ponzi scheme in history.
Social welfare is going to become a lot more expensive.
The working age will be 85 by 2050. Problem solved /s
I think the scariest part of this is that these demographic projections probably fail to take into account the snowball effect of young people emigrating from some of these faster aging societies as things start to get worse. As they start to feel the double squeeze of more taxation and less economic opportunity many young people, especially young people with in-demand talent and education, will be looking abroad to advance their careers and start families. This could lead to a very fast collapse in some of these countries as they just become old folks homes with no tax base to fund services.
and then there’s Poland lowering retirement age
Well well well, it looks like India, LatAm, and the Arab world might just have a louder voice this century.
Only solution for Europe is to start allowing mass migration from Africa, it will make the economy so dynamic
Humans are a flexible bunch, a new economic dynamic will emerge from this
The jump of Spain, Italy, China and South korea is mind boggling and the UK is surprisingly much older than the US I thought they would be neck to neck considering the amount of migrants in the UK
That’s the result of people taking everything for granted and thinking the post-WWII welfare state was the default status quo instead of a historically exceptional case. It makes me very sad that we’re proving to be completely unable to take care of one of the most fantastic things that’s ever existed.
I’d fix it very easily: You made no attempt at having kids? Ok, no pension for you.
The problem is solving itself. The boomers will not get the healthcare their parents got and the average lifespan will continue to decline. Also retirement age will continue to increase especially once the pension ponzi scheme rug pull is activated and boomers realize they only have value in selling their houses.
Italy to stagnate for another 27 years, great work guys
Public pensions need to go for the most part. A great idea that doesn’t go well with people not having 2 kids on average.
We can learn from Japan today. Just spend more frickin money.
Working age 20-64?
That is below the official retirement age in Denmark. It is currently between 66 to 68, and people born late in the previous century can expect to be 74 before retirement. Dependent of course on life expectancy. If that goes up, so does the retirement age.
https://star.dk/ydelser/pension-og-efterloen/folkepension-tidlig-pension-foertidspension-og-seniorpension/folkepension/folkepensionsalderen-nu-og-fremover/