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News Link • Economy - Economics USA

The Worldwide Demographic Cliff Is Going To Be Brutal

• Business Insider
  Now they are starting to retire and this blog had banged on about the effect this will have on issues like pensions, asset markets and economic growth. not to worry, say some folk, since although we may have more elderly to look after, we will have fewer children.

Alas, that won't help, as this graph compiled by statistician Simon Hedlin shows. The total dependency ratio (children and retirees, compared with those of working age) fell in all G20/OECD nations bar Germany and Sweden between 1960 and 2010. In the next fifty years, it will rise in all those nations, bar India and South Africa. In most nations, the ratio will rise by 40% or more; there are huge increases in dependency in parts of Asia (China and South Korea) and in eastern Europe. Britain and America are towards the bottom of the table, but their problems are big enough.

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