The International Monetary Fund reveals that aging is costing more than expected to industrialised countries.
Tuesday, April 24 2012
The cost of aging.- With people’s life expectancy increasing in around three more years on average, the cost of aging has pushed up by 50% in healthcare and pension schemes, especially in the so-called industrialised countries where people usually live longer.These figures have been revealed in a report developed by the International Monetary Fund.
Experts pointed out to the baby boom that took place in the 1950s as one of the reasons behind the current problems regarding the cost of aging. In addition, experts have warned about the fact that those countries with advanced economies will have as many pensioners as workers by the year 2050 and, therefore, their economies will struggle to maintain their welfare state.
The conclusions of the study will be presented this week in the IMF’s “World Economic Outlook” when experts will recommend some extra adjustments in the future.