Economy

Further reforms needed to tackle growing risk of pensioner poverty

Further reforms needed to tackle growing risk of pensioner poverty

Recent reforms have made pension systems more financially sustainable and pensioners have higher living standards than ever before. But future generations are likely to find their pension entitlements much less generous than today’s and many may face a serious risk of pensioner poverty, according to a new OECD report. Pensions at a Glance 2015 says that about half of OECD countries[Read More…]

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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…]

Difficult Decisions Boomers Will Face to Close the Retirement Income Gap

Difficult Decisions Boomers Will Face to Close the Retirement Income Gap

A research report from The Insured Retirement Institute (IRI) highlighting the difficult decisions confronting Baby Boomers as they march toward their retirement years with inadequate savings. Among the oftentimes unsavory options are postponing retirement, increasing savings, relying on help from family and/or assistance programs, and reducing expenses in retirement – possibly by downsizing or relocating to locales with lower costs of[Read More…]

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Resurgence in Emerging-Market Economic Growth to Be Found in Aging Population

Resurgence in Emerging-Market Economic Growth to Be Found in Aging Population

The key to sustaining and driving economic growth in emerging markets is through aging populations, according to a new white paper released by the Global Coalition on Aging (GCOA).  The paper, titled “Revitalizing Sustainable Growth in Emerging Markets : Insights on Leveraging an Aging Population,” runs contrary to prevailing views that the rising 60-and-over population is a barrier to growth.  In[Read More…]

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The Economic Challenges of Population Aging in Emerging Markets

The Economic Challenges of Population Aging in Emerging Markets

While population aging is most advanced in the developed economies, as measured by the share of older persons in the total population, population aging is happening most rapidly in the developing world. Between now and 2050, the share of older persons in the total population will continue to grow in all regions, but until 2050 the growth of this share[Read More…]

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Population ageing and capital market performance: Should we be worried ?

Population ageing and capital market performance: Should we be worried ?

Rapid streams of numbers flashing across electronic screens in trading rooms and brokerage offices worldwide seem to reflect the deeply impersonal nature of the world’s capital markets. Ultimately, though, these exchanges are driven by the decisions of individuals – whether executed as one-off trades or adopted as strategies programmed into machines. Therefore, the attributes of the people buying and selling[Read More…]

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Aging and Financial Inclusion: An Opportunity

Aging and Financial Inclusion: An Opportunity

Aging is an important dimension of global change, and not only for wealthy countries. Increasingly, middle income countries are facing rapidly aging populations, and in the near future aging will be an issue for lower income countries as well. Within 15 years, there will be 1.3 billion people over age 60 in the world, constituting 13 percent of the global[Read More…]

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Effects of ageing on Member States public finances by 2060

Effects of ageing on Member States public finances by 2060

The EU population is projected to increase in size slightly by 2060, but with a much older age profile than today. This will have an effect on public policies and public spending in areas such as pensions, healthcare or long-term care. Age-related public expenditure is expected to increase by 1.4 % of GDP in the EU as a whole. However[Read More…]

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Modernising Europe to meet the challenges of globalisation and ageing

Modernising Europe to meet the challenges of globalisation and ageing

Europe must reform and modernise its policies to preserve its values. Modernisation is essential to continue keep Europe’s historically high levels of prosperity, social cohesion, environmental protection and quality of life. The European Commission’s Report ‘European Values in a Globalised World’, its contribution to the Informal Summit of Heads of State and Government on 27 October in the UK states[Read More…]

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