How Will Aging Populations Impact Global Savings?
Aging and its implications are emerging as major social, political, and economic issues. Social Security reform is making headlines in the United States, and the long-term solvency of pension plans - both public and private - is a growing concern among key economies. Policy makers are wrestling with the fiscal consequences of aging and seeking solutions. Business leaders and investors are seeking to understand how aging will affect global markets for goods, capital and labor.
The recently released McKinsey Report titled, The Coming Demographic Deficit: How Aging Populations Will Reduce Global Savings seeks to shed light on the question: How will aging affect future levels of household wealth and economic well-being? Diana Farrell will discuss the findings of this report, which focuses on five countries - The United States, Japan, the United Kingdom, Germany, and Italy. Phillip Longman, an expert on demographics and aging, will offer comments on his own recently published book and how issues of demographics relate to global savings.
Participants
- Diana Farrell
Director, McKinsey Global Institute, McKinsey & Company - Phillip Longman
Schwartz Senior Fellow, New America Foundation - Ted Halstead
President, New America Foundation
