Fortune (January 20)
“Two-thirds of the world’s population already lives in countries where fertility is below” the replacement rate (an average fertility rate of 2.1 children per female). “Some of those economies are on track to see 20%-50% population declines by 2100, requiring big changes to societies and governments.” Younger people will also face a growing burden. “The world’s support ratio was 9.4 in 1997, or more than nine working-age people supporting one older person,” but this is expected to drop to just 3.9 by 2050 and currently stands at 6.5.
Tags: 1997, 2050, 2100, Burden, Children, Economies, Fertility, Governments, Population declines, Replacement rate, Support ratio, Two-thirds, Working-age
Time (February 28)
“South Korea set a fresh record for the world’s lowest fertility rate as the impact of the nation’s aging demographics looms large for its medical system, social welfare provision and economic growth.” The dearth of babies is considerably “speeding up the aging of South Korean society, generating concerns about the growing fiscal burden of public pensions and health care.”
Tags: Aging, Burden, Concerns, Demographics, Economic growth, Fertility rate, Medical system, Pensions, Record, Social welfare, South Korea
Los Angeles Times (October 21)
“As more communities across California require proof of vaccination at many retailers and other public venues, the battle over enforcement of the new rules is just beginning to heat up.” Though “many businesses have welcomed these sorts of rules,” others resent the additional burden enforcement places on them in terms of time and staffing requirements, as well as the potential for conflict.
Tags: Burden, California, Communities, Enforcement, Proof, Public venues, Retailers, Rules, Staffing, Time, Vaccination
LA Times (October 8)
“If Taiwan is to fend off a Chinese invasion, it will need reluctant recruits…to summon the patriotism that inspired older generations but these days doesn’t burn as passionately in the young” who increasingly regard the “mandatory four-month military service as an unnecessary burden, even as complaints persist that such stints are too short to protect the island compared with the two to three years that previous generations served.”
Tags: Burden, Inspired, Invasion, Mandatory, Military service, Passion, Patriotism, Protect, Recruits, Reluctant, Short, Taiwan
Investments & Pensions Europe (August Issue)
“Credit investors would be wise to reflect upon the growing debt burden weighing on the global economy.” Debt has surged since the pandemic and it was already at high levels. “Global debt rose by $10trn (€8.9trn) in 2019 to $255trn. At the end of last year, global debt stood at 322% of global GDP, or 40% higher than before the 2008 financial crisis.”
Tags: 2008, 2019, Burden, Credit, Debt, Financial Crisis, GDP, Global economy, Investors, Pandemic, Reflect, Surged
The Economist (October 26)
“The euro mess has morphed from an acute crisis into a chronic one.” In contrast with the progress made on sovereign debt, however, “the euro zone has made less headway than other places in reducing this private-debt burden…. If the euro zone’s recovery is to strengthen, this burden of private debt must be lightened. According to the IMF, private debt is a bigger drag on Europe’s growth than government debt.”
Tags: Burden, Crisis, Euro zone, Europe, Government, Growth, IMF, Private-debt, Progress, Recovery, Sovereign debt
