The ageing “crisis” has not and will not happen
By Dr Cameron Murray People simply assume an older population means more economic dependants. But the data shows falling economic dependency despite rising age dependency. I have written many times about why fears about ageing are misplaced. For starters, we have panicked about it for a century. Also, the reality is that we aren’t adding The post The ageing “crisis” has not and will not happen…
The notion of an "aging crisis" is a myth, according to leading independent economist Dr. Cameron Murray. Despite fears of an ageing population increasing economic dependence, the data paints a different picture. People today are living longer, healthier lives and are working longer than ever before. The demographic bulge of baby boomers is temporary, and immigration does not solve the issue, as immigrants age at the same rate as the native population.
Age dependency has been rising, but economic dependency is falling, due to people working later and longer. This trend is evident in countries like Japan, despite their ageing and declining populations. The myth of the ageing crisis should be carefully scrutinised, as there is no need to invest heavily in medical research or immigration to address it.
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