Asia Pacific

New AARP Global Report Assesses Preparedness of 12 Nations for Doubling of 60-Plus Population Over Next Generation

New AARP Global Report Assesses Preparedness of 12 Nations for Doubling of 60-Plus Population Over Next Generation

Aging Readiness and Competitiveness (ARC) Report Looks at Challenges, Opportunities Presented by Massive Growth of Age-60-Plus Population Globally and Ways 12 Nations Are Addressing Them A comprehensive new report, released today by AARP, examines the preparedness levels of 12 nations — Brazil, Canada, China, Germany, Israel, Japan, Korea, Mexico, South Africa, Turkey, the United Kingdom, and the United States —[Read More…]

How Japan and Asia are Searching for Solutions for their Rapidly Aging Population

How Japan and Asia are Searching for Solutions for their Rapidly Aging Population

With Japan’s aging population and a changing society, caregiving is a complex issue. But new technological innovations may provide solutions that were once unimaginable. By Atlas of Care Dr. Michael Birt, PhD in Japanese Studies and Atlas of Caregiving advisory council member, has worked as a consultant for many large, multinational healthcare companies, a thriving sector in Japan. In 1990, Birt[Read More…]

Rapid Aging in East Asia and Pacific Will Shrink Workforce and Increase Public Spending

Rapid Aging in East Asia and Pacific Will Shrink Workforce and Increase Public Spending

East Asia and Pacific is aging faster – and on a larger scale – than any other region in history, which could lead to a steep drop in the size of its workforce and sharp  increases in public spending on pensions, health care and long-term care in the coming decades, according to a World Bank report. More than 211 million[Read More…]

Asia: At Risk of Growing Old before Becoming Rich?

Asia: At Risk of Growing Old before Becoming Rich?

The outlook for the Asia-Pacific region remains robust—the strongest in the world, in fact—and recent data point to a pickup in momentum. The near-term outlook, however, is clouded with significant uncertainty, and risks, on balance, remain slanted to the downside. Medium-term growth faces secular headwinds, including from population aging and sluggish productivity. Macroeconomic policies should continue to support growth while[Read More…]

Homelessness on the horizon for baby boomers (NZ)

Homelessness on the horizon for baby boomers (NZ)

Baby Boomers who have held down jobs and contributed to the well-being of New Zealand through their taxes may yet become homeless in late middle age or early retirement without urgent Government action, says The Salvation Army. The latest report from The Salvation Army’s Social Policy and Parliamentary Unit, Homeless Baby Boomers, reveals only 62 per cent of Baby Boomers[Read More…]

Asia Pacific’s Ageing Market Potential to Reach US$3.3 Trillion by 2020

Asia Pacific’s Ageing Market Potential to Reach US$3.3 Trillion by 2020

By 2020, Asia Pacific’s ageing market is projected to reach US$3.3 trillion, according to the 3rd Asia Pacific Silver Economy Business Opportunities Report launched during the opening of the 6th Ageing Asia Innovation Forum, Singapore in 2015. Aimed to provide market observations of Asia Pacific’s silver economy, the Report uses household savings forecast for 2020 and the total market potential for[Read More…]

Live Long and Prosper Report – Asia

Live Long and Prosper Report – Asia

The population in East Asia and Pacific is aging rapidly, raising concerns about the implications for the region’s economic future. Although the region is aging rapidly, proactive public policy can play an important role in helping it adapt to changing demographics and mitigating the downside risks of aging. The “Live Long and Prosper” Report by World Bank Group aims to[Read More…]

Challenges of population aging in China

Challenges of population aging in China

China has the largest elderly population in the world and also one of the most rapidly aging societies in the world, which will pose great challenges to sustainable economic and social development. According to the National Bureau of Statistics, China had about 185 million persons aged 60 and over at the end of 2011 ? It is projected that the[Read More…]

Albert Park: How to Cope with Population Aging in China

Albert Park: How to Cope with Population Aging in China

China boasts the most spectacular sustained economic growth in world history. But there is a fly in the ointment. It also has the world’s largest elderly population. As a consequence of its one-child policy, its share of the population aged 60 and over will spike alarmingly from 12% in 2010 to 34% in 2050, creating a tremendous socioeconomic burden for[Read More…]

Ageing: Impact on Companies in Asia

Ageing: Impact on Companies in Asia

The world’s population as a whole is ageing – and this is true of the Asia region too. Today Asia accounts for one-half of the world’s older population. By 2050 this is set to increase to two-thirds. By every measure, Japan has the oldest population – not just in Asia, but globally. Hong Kong and Singapore are not far behind[Read More…]