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...Aging Summary: A global aging population is beginning to have severe consequences in many areas of society. A global aging population is expected to impact areas such as economic growth, savings, investment and consumption, labor markets, pensions, taxation, and the transfer of wealth, property, and care from one generation to another.
Factors such as decreased fertility rates, reductions in infant and maternal mortality, reductions in infectious and parasitic diseases, and improvements in nutrition and education have all contributed to global aging.
It is expected that the number of people above 60 years of age or over will nearly triple, increasing from 672 million in 2005 to nearly 1.9... Global...