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…]
China has completed demographic transition and entered the era of population ageing. The number of elderly persons will increase dramatically in the next two to three decades. As the decline of mortality in the 1950s-60s and the decline of fertility since the 1970s went ahead of China’s economic development, the current challenges resulting from demographic changes are also going ahead[Read More…]
Scientists from RIKEN and Sumitomo Riko Company Limited have developed a new experimental nursing care robot, ROBEAR, which is capable of performing tasks such as lifting a patient from a bed into a wheelchair or providing assistance to a patient who is able to stand up but requires help to do so. ROBEAR will provide impetus for research on the[Read More…]
As China continues to age rapidly, foreign companies are moving in to cater to the estimated 300 million retirees expected in the next decade. Ben Marino reports from Beijing.
Well reverse mortgages are common in many developed countries around the world. You’ve likely heard of them in the U.S. It’s a deal generally for older citizens to use their home as collateral to receive regular payments from insurers. This may sound a bit morbid, but a reverse mortgage may be a good deal for those who live long, as[Read More…]
Australia’s population will both grow strongly and become older. Such slow but profound shifts in the nature of a society do not elicit the same scrutiny as immediate policy issues. The preferable time to contemplate the implications is while these near-inevitable trends are still in their infancy. The report focuses on the effects of ageing on economic output (underpinned by[Read More…]
While the rapid aging of China’s population is thought to condemn the nation to a dismal future, past policies on education and new policies to improve health and foster internal migration could ease the challenges posed by an older citizenry, according to a new study of the impact of aging on China’s future. By RAND Labor and Population, James P. Smith Distinguished Chair[Read More…]
At a time when the global population of people ages 65 and older is expected to triple to 1.5 billion by mid-century, public opinion on whether the growing number of older people is a problem varies dramatically around the world, according to a Pew Research Center survey. Concern peaks in East Asia, where nearly ninein-ten Japanese, eight-in-ten South Koreans and[Read More…]
As global life insurers seek new growth options, many are focusing on the rising star of Asia’s pensions market. By 2025, 500 million silver agers in Asia will be focused on building their nest eggs – rising to almost 1 billion by 2050 . With life product margins under increasing pressure, offering this massive customer base wealth creation and retirement[Read More…]
Over the past two decades, China’s population has been aging rapidly. As a result of China’s “one-child” policy and low mortality, the proportion of elderly citizens will continue to grow very quickly, increasing the stress on an already troubled health care system. Demographic Context China adopted a one-child policy in 1979 in order to stem population growth and ensure economic[Read More…]
