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Thread: G-20 weighs ageing as global risk

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    G-20 weighs ageing as global risk

    G-20 weighs ageing as global risk

    Of course. As their populations age they run out of money to pay the welfare benefits. In the past the answer was immigration. However the current immigrants / migrants are going onto the welfare rolls, not supporting them.

    Ballooning healthcare costs, labour shortages and financial services for the elderly: for the first time Sunday, the world's top policymakers are tackling economic issues relating to ageing and shrinking birthrates.

    G20 finance ministers and central bank chiefs meeting in Japan -- where a rapidly ageing population is a major domestic problem -- have been warned to address the issue before it is too late.




    "What we are saying is, 'If the issue of ageing starts to show its impact before you become wealthy, you really won't be able to take effective measures against it'," Japanese Finance Minister Taro Aso, the meeting's host, told reporters late Saturday.


    The G20 is a mixed bag of countries at various stages of development and population profiles, ranging from rapidly-ageing Japan to Saudi Arabia, next year's G20 chair, which has a very young society.


    And host Japan is eager to share its experience, with Aso sounding the alarm that nations must be ready to act before population ageing rears its head and piles pressure on the economy.


    Longer life-expectancy and sliding birth rates, particularly among wealthy nations, have resulted in a rapid expansion of the elderly population in places like Spain, Italy and South Korea, according to the Organisation for Economic Co-operation and Development.


    But the pattern is not limited to the rich world, with emerging powers like Brazil and China also facing "rapid demographic change" relative to their early development stage, according to the OECD.


    By 2050, the world is projected to have more than two billion residents aged 60 and above, more than double the number in 2017, OECD says.


    But many economies have failed to update their pension and employment systems to adjust to the changing demographics, experts warn.


    This has resulted in fiscal and debt risks for whole countries, as well as individuals.
    Read the rest of the article at the link.
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    The problem would be solved if countries addressed the rampant inequality that has developed over the last 30 odd years .....but it's hard to fix because the parasites that have been bleeding our countries dry , are now either in politics perpetuating the "trickle down" system , or the older wealthy people that support them . The whole western world badly needs a big wage increase, and genuine home ownership subsidies and grants , so they could afford to easily buy a home and raise a family . A good law would be to ban people older than 45 or 50 from entering politics or positions that influence lawmaking. The future should belong to young people.

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    Quote Originally Posted by PJL View Post
    The problem would be solved if countries addressed the rampant inequality that has developed over the last 30 odd years .....but it's hard to fix because the parasites that have been bleeding our countries dry , are now either in politics perpetuating the "trickle down" system , or the older wealthy people that support them . The whole western world badly needs a big wage increase, and genuine home ownership subsidies and grants , so they could afford to easily buy a home and raise a family . A good law would be to bad people older than 45 or 50 from entering politics or positions that influence lawmaking.
    That is your idea of a good law?
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    Quote Originally Posted by Peter1469 View Post
    G-20 weighs ageing as global risk

    Of course. As their populations age they run out of money to pay the welfare benefits. In the past the answer was immigration. However the current immigrants / migrants are going onto the welfare rolls, not supporting them.



    Read the rest of the article at the link.
    So instead of population control.... don't control?

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    Quote Originally Posted by donttread View Post
    So instead of population control.... don't control?
    Is that the course of action you would propose?

    I would rather trim the welfare programs.
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    Quote Originally Posted by donttread View Post
    So instead of population control.... don't control?
    What is your plan, murder in lieu of retirement?
    Call your state legislators and insist they approve the Article V convention of States to propose amendments.


    I pledge allegiance to the Constitution as written and understood by this nation's founders, and to the Republic it created, an indivisible union of sovereign States, with liberty and justice for all.

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    Quote Originally Posted by PJL View Post
    The problem would be solved if countries addressed the rampant inequality that has developed over the last 30 odd years .....but it's hard to fix because the parasites that have been bleeding our countries dry , are now either in politics perpetuating the "trickle down" system , or the older wealthy people that support them . The whole western world badly needs a big wage increase, and genuine home ownership subsidies and grants , so they could afford to easily buy a home and raise a family . A good law would be to ban people older than 45 or 50 from entering politics or positions that influence lawmaking. The future should belong to young people.
    LOL @ Russian trolls. Have more to drink fool.
    " I'm old-fashioned. I like two sexes! And another thing, all of a sudden I don't like being married to what is known as a 'new woman'. I want a wife, not a competitor. Competitor! Competitor!" - Spencer Tracy in 'Adam's Rib' (1949)

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    Quote Originally Posted by Peter1469 View Post
    That is your idea of a good law?
    just a suggestion....something to think about . Do you have any suggestions ?

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    Quote Originally Posted by jimmyz View Post
    LOL @ Russian trolls. Have more to drink fool.
    So , you don't think American workers deserve a pay rise ? Well I know we Aussies are way overdue for one!

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    Quote Originally Posted by PJL View Post
    So , you don't think American workers deserve a pay rise ? Well I know we Aussies are way overdue for one!
    We got our tax cut and wages are up. Ditch your anti-Americanism and come on up. That is if you have a valuable marketable skill that is. Denigrating the USA and our policies is not valuable.
    " I'm old-fashioned. I like two sexes! And another thing, all of a sudden I don't like being married to what is known as a 'new woman'. I want a wife, not a competitor. Competitor! Competitor!" - Spencer Tracy in 'Adam's Rib' (1949)

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