Global Preparedness for Graying Population

Picture Courtesy of CSIS
Picture Courtesy of CSIS
GAP Index Country Rankings, Note: Countries are ranked from best to worst
GAP Index Country Rankings, Note: Countries are ranked from best to worst

Will countries grow “older” before they get “richer”? Population aging has become a global phenomenon. According to the U.N. Department of Economic and Social Affairs (DESA), since World War II, global life expectancy has risen from about45 to 65. In wealthy countries, life expectancy has risen from mid 60s to high 70s, and in a few countries, including Italy and Japan, it has reached 80. Similarly, United Nations Population Division (UNPD), population projections show that the world median age will rise from 26.4 in 2000 to 36.8 in 2050. While it is good news that the longevity is on the rise due to various achievements in science, public health, and socioeconomic development, can the world handle its growing elderly population? Continue reading

Advertisements