Economic growth is not the only important growth issue. Another type of growth that should be discussed more often is the elderly-dependency growth; the fact that the number of seniors per potential worker is growing. Much like economic growth rates, the elderly-dependency growth rates vary greatly across countries. The economic impact and consequences for social security and budget deficits will also look different in one country from another. What they all have in common, however, is that neither has ever had to deal with the demographic problems of the magnitude that is expected.
Simon Hedlin
Chef Don Pepe