Keisuke Nakashima

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Global aging is no longer a distant challenge looming over the horizon.

The unchecked growth in pension expenditures in some European countries is a major factor in the debt crisis that shook the euro zone this year.

In the United States, first-wave baby boomers will become eligible for full Social Security and Medicare benefits next year, initiating a two-decade cost spiral in which government benefit spending is projected to double as a share of G.D.P.

In China, where the rising old-age dependency burden still largely falls on families, the onrushing age wave is giving rise to the “4-2-1 problem” — one child caring for two parents and four grandparents.…  Seguir leyendo »