The looming pensions crisis

Just this morning your correspondent plucked out a grey hair, a development that worries not just her, but her government. As plummeting birth rates and increasing lifespans rapidly raise the percentage of oldsters in countries around the world, ageing is becoming one of the most crucial policy issues of the 21st century. Those who spent their youth in the 1970s fretting that overpopulation would drive humanity to extinction may now spend their old age worrying whether the world has enough young people to support them. JUST this morning your correspondent plucked out a grey hair, a development that worries not just her, but her government. As plummeting birth rates and increasing lifespans rapidly raise the percentage of oldsters in countries around the world, ageing is becoming one of the most crucial policy issues of the 21st century. Those who spent their youth in the 1970s fretting that overpopulation would drive humanity to extinction may now spend their old age worrying whether the world has enough young people to support them. (Subscription required!)

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