Global growth to slow down as populations age – Moody’s

CAN you imagine a community where the line for senior citizens is longer than that of the rest of the customers in the shopping mall or where less than half of the population is young and cannot support the rest of the population who are older folk? Think of the social security cost to the government who will most likely pass it on to the working generation as they have done in developed communities!

Well, that is happening in many parts of the world especially in developed economies where the so-called “grey dawn” (referring to the grey-haired folk) has arrived. Other population scholars have also described it as the “demographic winter or bomb.”