Graying Asia: How Pension Systems Fail to Respond to Dramatic Aging

Submitted by dfabbri on
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Tthenewslens (12.03.2019) he past few years have seen workers in Asia becoming increasingly restive and concerned over pensions. Demands for reform have erupted into street protests in China, French Polynesia, India, New Zealand, and everywhere in between. The Asia-Pacific has a relatively young population with a high ratio of workers to dependents – i.e., children and the elderly – and this has contributed substantially to the region’s sustained rapid economic growth in the past few decades. However, the number of retirees per worker has been increasing in recent years and economic security for the elderly looms on the horizon as one of the region’s most significant strategic challenges. 

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