August 2022
11Aug

U.S. University launches degree that prepares students to address aging society’s growing health care needs

UTSA will launch a new bachelor of science degree program in Health, Aging & Society this fall. The new program, which will be offered through the College for Health, Community and Policy (HCAP), will be the first of its kind in the San Antonio area and is designed to address the growing need for health care support occupations and community- and social-service professionals. Students will learn critical skills to begin a career focused on managing and coordinating hospitals, nursing homes...

August 11, 2022
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10Aug

How this man went from unemployment to early retirement in the Caribbean

“I’m having the time of my life,” Mike Whalen beams, when I meet him at his restaurant in Ambergris Caye, Belize. “I’m still learning as I go, but what better place to do it than a tropical island? I live and work on ‘Coconut Drive’! How could I possibly have a single, solitary regret?” In July 2020, at the age of 51, Mike had reached a dire crossroads. He’d worked at AT&T in Oklahoma City for years, but after cutbacks...

August 10, 2022
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09Aug

Canada. Employment rate at historic high but aging population remains mostly out of work

A new study has found that although the employment rate for Canadians between 15 and 64 years of age (working age) is at a historic high, the overall labor market has yet to fully recover from the pandemic-induced recession due to the continued aging of the country’s population. The study was conducted by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. The study compares labor statistics for the first five months of 2022 relative to the same period in...

August 9, 2022
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July 2022
29Jul

‘How do you grow an economy without young people?’: What falling birth rates mean

Falling birth rates across nearly all the developed world – and now much of the developing world – have demographers like Paul Morland concerned. While the planet as a whole is projected to be home to 9.8 billion people by 2050 – up from 7.96 billion today – a vast number of countries, from within Europe to South-East Asia to the Americas, are dealing with decades of sub-replacement fertility, which means a total fertility rate (TFR) below the 2.1...

July 29, 2022
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27Jul

China faces largest retirement wave in next 10 years

It is estimated that in the next 10 years, an average of 20 million people will retire each year, according to a recently published article by Banyuetan, a journal under China’s Xinhua News Agency. According to mainland media, the first impact of the retirement wave is the significant decline of the working-age population. Peng Xizhe, Dean of the Institute of Aging at Fudan University, pointed out that in the tide of retirement, more than 20 million people will retire every year....

July 27, 2022
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26Jul

Shifting Our Aging Society From A Burden To An Asset

Each year the World Economic Forum publishes its Global Risks Report, which aims to outline the biggest threats facing society in the year ahead. The 2022 edition features many common sights, including climate action failure, extreme weather, and biodiversity loss. Such catastrophic events often succumb to the so-called availability heuristic, whereby we're naturally drawn to the things we're familiar with. In the case of the kind of threats posed in the Global Risks report, these are all risks that...

July 26, 2022
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25Jul

China’s population to start to shrink before 2025: Global Times

China's population growth rate has slowed significantly and is expected to turn negative ahead of 2025, the state-backed Global Times reported, citing a senior health official. Birth data released late on Sunday showed that the number of new births in 2021 was the lowest in decades in several provinces. The number of births in the central Hunan Province fell below 500,000 for the first time in nearly 60 years, the Global Times said. Only China's southern Guangdong Province had more than...

July 25, 2022
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15Jul

Rising life expectancy in Africa triggers urgent need for pension penetration

Governor John Rwangombwa of the Central Bank has said that the improved life expectancy in Africa is a positive factor on its own but it rings an urgent call to increase pension penetration on the continent. He was speaking during the 3rd Africa Pension Supervisor Forum that started on Thursday July 14. Started in 2019, the forum offers a platform where pension regulators share ideas, information, and reform issues that are challenging the sector across Africa. Discussions include performance of the pension...

July 15, 2022
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11Jul

World Population Day 2022: The impact of a rapidly ageing population on the world as we know it

World Population Day is observed on July 11 every year and the theme for World Population Day 2022 is "A world of 8 billion: Towards a resilient future for all – Harnessing opportunities and ensuring rights and choices for all”. There have been growing concerns over the dynamics of the world’s population. According to the World Health Organization (WHO), by 2050, the world’s population aged 60 years and above will double to about 2.1 billion people. Due to people worldwide...

July 11, 2022
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05Jul

China Turns to Automation and Robotics to Solve Aging Problem

The impact of an aging population has taken a toll on China’s economy. Industrial automation and robotics could be the solution. We believe that China is at the beginning of a structural shift thanks to the country’s policy support, demographic trends and technological progress. Furthermore, the ongoing trend of domestic substitution will likely provide a fertile breeding ground for local champions to be born and thrive – and our portfolio companies Shenzhen Inovance Technology Co., Ltd Class A (“Inovance”) (0.64%...

July 5, 2022
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