State pension programs feel the strain of aging populations

In a nutshell Aging populations mean more retirees, pressuring state budgets State-funded pensions are likely to expand into basic-income schemes A rise in productivity is the only cure; but it remains elusive Politicians do not pay much attention to demography. Given their electoral horizons, this is hardly surprising. The so-called demographic crisis and its consequences unfold over decades, while in most countries elections of some sort take place at least every two years. Little heed is paid to whether, in...