Financial ratings service Standards & Poor (S&P) released a report analyzing the cost of global ageing.  The report finds that “population aging will lead to profound changes in economic growth prospects for countries around the world, and lead to heightened budgetary pressures from greater age-related spending needs”.  It goes on to conclude that “unless advanced sovereigns embrace reforms at a faster pace, the fiscal pressures will become increasingly unsustainable. At the same time, the aging demographic profile of their electorates could well make the political climate for reforming pension and health-care programs even more difficult than it is currently”.

Share your thoughts on this report with IAHSA. How should governments manage their aging populations?

For more information:

The Wall Street Journal