1. Debt deepens as populations age.
- Author
-
Chinnery, Kevin
- Subjects
- *
PUBLIC debts , *AGE groups , *GROWTH rate , *PUBLIC finance ,ECONOMIC conditions of developed countries - Abstract
The article reports on the debt burden that would add to the difficulty in government finances as ageing of population comes. It states that this problem would be more experienced by developed countries which will likely have 15% of their population aging 65 or over in 2035. It will also have an impact on the growth rate in which countries with younger population will develop a bigger share of global growth. A chart is also presented on the gross government debt in various countries.
- Published
- 2009