Thursday, January 26, 2012

Countries With Aging Populations

The world is rapidly aging. A whopping two billion people will be 60 years and older by 2050, more than triple the number in 2000, according to the World Health Organization.

This demographic change has major implications for the global economy. Some of the world's biggest economies are facing rising health-care costs, a shrinking workforce, higher pension costs and diminishing fertility rates. Many countries have already begun adapting to their increasingly aging populations by raising the retirement age, reducing pension benefits and spending more on elderly care.

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