# Presentation: 828751

## The Challenge of Global Aging

**The Challenge of Global Aging**
***how the aging of the population will transform ******the world in the 21******st****** century***
**Richard Jackson**
**CSIS Global Aging Initiative**
**WHITE HOUSE CONFERENCE ON AGING****Global Roundtable On Aging****December 11, 2005**

## The whole world is aging—and today’s developed countries are leading the way.

**The whole world is aging—and today’s developed countries are leading the way.**

**Year 2005**

## Behind the global age wave:A dramatic decline in fertility.

**2.1**

**Behind the global age wave:****A dramatic decline in fertility.**

## Behind the global age wave:An equally dramatic rise in longevity.

**Behind the global age wave:****An equally dramatic rise in longevity.**

## the FISCAL challenge 	rising retirement costs 

***the ***_***FISCAL***_*** ******challenge *****	****rising retirement costs**** **

**Three challenges for today’s****DEVELOPED countries.**

## Rising retirement costs will impose a heavy burden on workers and taxpayers.

**Rising retirement costs will impose a heavy burden on workers and taxpayers.**

## the FISCAL challenge	a rising retirement costs 

***the ***_***FISCAL***_*** challenge******	******a***** rising retirement costs**** **
*** ******the ***_***LABOR***_*** ******challenge******	*****a graying and shrinking workforce**** **

**Three challenges for today’s**** DEVELOPED countries.**

## In many fast-aging countries, the size of theworking-age population will shrink dramatically.

**In many fast-aging countries, the size of the****working-age population will shrink dramatically.**

*** ***
***the ***_***FISCAL***_*** challenge******	*****rising retirement costs**** **
*** ******the ***_***LABOR***_*** challenge******	*****an aging and shrinking workforce**** **
*** ******the ***_***POLITICAL***_*** challenge******	*****a graying electorate**** **

**Three challenges for today’s****DEVELOPED countries.**

## A rising share of voters will be elderly.

## Although the developing world is still 	much younger than the developed 	world, some fast-aging developing 	countries will catch up by the middle 	of the century.

**Although the developing world is still ****	****much younger than the developed ****	****world, some fast-aging developing ****	****countries will catch up by the middle ****	****of the century.**

## In the developing world, East Asia and Latin America face the largest age waves.

**In the developing world, East Asia and Latin America face the largest age waves.**

## the INCOME challenge 	limited pensions and health care  

***the ******INCOME****** challenge ******	*****limited pensions and health care **** **
*** ******the ******FAMILY****** challenge******	*****overburdened support networks**
*** ******the ******DEVELOPMENT****** challenge******	*****will countries grow rich before****	****they grow old?**

**Three challenges for today’s****DEVELOPING countries.**

## Imperatives for an aging world.

**Imperatives for an aging world.**

** ****The ****DEVELOPED**** countries need to reduce ****	****the cost of their pay-as-you-go retirement ****	****systems, raise rates of labor-force ****	****participation, and extend work lives. **
** ****The ****DEVELOPING**** countries need to invest ****	****more in human capital, raise living ****	****standards, and develop adequate systems ****	****of protection against a destitute old age.**

## Global aging is a global problem requiring global solutions.

**Global aging is a global problem requiring global solutions.**

** ****Immigration and outsourcing can help match ****	****jobs with workers.**
** ****Cross-border investment can help match ****	****savers with investment opportunities.**
** ****	**
** ****Bottom line: An open global economy can ****	****allow young people to help themselves by ****	****helping to support old people across ****	****international borders.**
** **

***  ******  ***
**We live in an era defined by many challenges, ****	****from global warming to global terrorism.**
**None is as certain as global aging.**
**And none is likely to have such a large and ****	****enduring effect on the shape of national ****	****economies and the world order.**
** **