Aging Archives - Page 15 of 58 - Pension Policy International

15DecDecember 15, 2023

Playing the Long Game: How Longevity Affects Financial Planning and Family Caregiving

By Surya Kolluri, Janet Weiner & Mary Naylor Since 1935, when Social Security set the age to receive full benefits at 65, average life expectancy in the United States has risen by 17 years. This increased longevity has clear implications for financial planning, both in terms of the timing of retirement and the need to plan for a longer period of retirement. But there are less obvious implications as well, in terms of the likelihood and length of time that...

December 15, 2023

Articles, Pension design2023, Aging, Longevity, Retirement Planning, US

15DecDecember 15, 2023

Anticipated U.S. Population Decline and the Risks Ahead

U.S. Census Bureau projections from November reveal a startling prospect: The United States population will most likely begin to decline by 2080, spelling out substantial risks for economic and social stability in the coming decades. Population growth is critical for maintaining a strong economy and preserving social safety net programs, yet in many parts of the U.S., the rising cost of living along with stagnating wages are causing more and more young people to rethink their goals of starting a family....

December 15, 2023

NewsAging, Labor Market, US

13DecDecember 13, 2023

UK. Govt urged to adopt new policies to take advantage of increased longevity

A new government should introduce a range of new policies on retirement, health and social care, to release a potential “longevity dividend” worth half a trillion pounds, as well as deliver a range of social benefits, according to the International Longevity Centre (ILC). Policies outlined in its new white paper include an auto-enrolment (AE) savings scheme to run alongside AE pensions, auto-escalation of minimum AE contributions, and ideas to help self-employed and gig economy workers save for retirement. Other ideas floated...

December 13, 2023

NewsAging, Longevity, UK

13DecDecember 13, 2023

This is what Canada will look like in 20 years – are we ready for an aging population?

The rapid growth expected among Canada’s senior population in the coming years is one of the “most significant demographic trends” in the country’s history, says demographer Doug Norris. While this growth may present some challenges for younger generations, industry experts say it will also offer opportunities to pave the way for a better future. Residents aged 65 and older are part of the fastest-growing age group in Canada today, said Norris, who is chief demographer at Environics Analytics, a marketing...

December 13, 2023

NewsAging, Canada

12DecDecember 12, 2023

The new longevity: Stanford center examines societal impacts of a population living longer

BY 2030, ONE in four Californians will be 60 years or older. By 2060, the percent of Californians in the 60+ age group will have increased three times faster than the total population. People are living longer than ever. Worldwide, the average life expectancy of a newborn has more than doubled since 1900, from 32 years to 71 years. Half of 5-year-olds in the United States today will likely live for 100 years or more. The Stanford Center on Longevity (SCL)’s mission is to...

December 12, 2023

News, UncategorizedAging, Longevity

12DecDecember 12, 2023

Managing inflation expectations may be tougher in aging societies: Expert

Monetary policymakers in aging economies may be perceived to have a comparatively lesser influence on the public’s inflation expectations when compared to those in nations with a different age structure, according to a leading scholar in investor behavior. Speaking at the 2023 Annual Conference on Asia-Pacific Financial Markets (CAFM) held in Seoul on Friday to Saturday, Professor Stefan Nagel from the University of Chicago said that investors adjust their inflation expectations based on experience rather than the language of monetary...

December 12, 2023

NewsAging, Inflation

11DecDecember 11, 2023

US is not prepared to house a growing number of older Americans

As skyrocketing housing prices persist across the country, the resulting homelessness crisis is growing, and more Americans are in need of assistance. However, some industry experts have noted an uptick in the average age of unhoused populations. “It's very tough. Very tough. Not knowing where you're going to go at night is very tough. I can't even get stable work because you have to have a stable place,” said Latia Griffin, who is experiencing homelessness in Ohio. A recent report from Harvard University's...

December 11, 2023

NewsAging, US

07DecDecember 7, 2023

Powerful Leaders are crying (literally) for women to have more babies

By Jessie Tu North Korean leader Kim Jong Un is the latest male leader to address his country’s declining birth rate. Last Sunday, he spoke at the country’s first National Mothers Meeting in eleven years, encouraging North Korea’s women to have more babies. “Stopping the decline in birth rates and providing good childcare and education are all our family affairs that we should solve together with our mothers,” the 39-year old leader said in Pyongyang. He went on to say that women...

December 7, 2023

NewsAging, Labor Market

06DecDecember 6, 2023

China’s Population Problem Worsens

If population issues were like steel production, China would be making all the right moves. A rise of 10% in steel production can be generated simply by a government decree. Unfortunately for China, the same top-down, party-directed steps that would generate that increase in steel is not likely to be the right approach to reversing the population decline, and might make the problem worse. The problem itself is not unique to China. Many other countries face the challenge of a...

December 6, 2023

NewsAging, China, Labor Market

05DecDecember 5, 2023

The World’s Shrinking Birth Rate

Vox online reports that in the US, the birth rate has dropped almost twenty-three percent in the last fifteen years. Today, the average American woman has about one point six children, down from three in nineteen fifty, and significantly below the “replacement rate” of two point one children needed to sustain a stable population. In Italy, twelve people now die for every seven babies born. In South Korea, the birth rate is down to less than one child per...

December 5, 2023

NewsAging

December 2023