Let’s take a look at some of the challenges
Prolonged life expectancy and low fertility rates
What is it?
More and more people will live longer, have more money and will also have, on average, fewer children.
Effects
An increased percentage of older, dependent and inactive people in the population generates higher expenditures for countries.
To dig deeper, try this article.
Skills gap, boosted thanks to industry 4.0
What is it?
Developments in AI and robotics will have a major impact on the way we work and the skills needed for industries.
Effects
Over one third of the skills which are considered important in today’s workforce will change, meaning workers will have to adapt.
To dig deeper, try this article.
Silver economy
What is it?
The ageing of the population as well as the growing purchasing power of older generations will bring new economic opportunities.
Effects
The problems and needs of older generations can generate economic growth, but will require a proactive and creative approach.
To dig deeper, try this article.
Longetivity
What is it?
Longer lifespans will change the way we live, providing new opportunities, but also the need for more rigorous planning for the future.
Effects
The ageing population will look for new ways of living their later years, which will bring new economic and social opportunities, but will require better financial preparedness.
To dig deeper, try this article.
Changing attitude towards retirement
What is it?
Changing economic and social conditions caused by an ageing population result in people wanting to work after reaching retirement age.
Effects
There is a need for new types of work arrangements and partial pension is becoming more poplar.
To dig deeper, try this article.
Prejudice against older workers
What is it?
Negative presumptions about older workers, that create an environment prone to age discrimination.
Effects
This prejudice becomes a powerful barrier, that leads to widespread age discrimination in the workplace.
To dig deeper, try this article.