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5 myths about the ageing consumer
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pension
The Impact of Ageing on Sovereign Ratings
Standard & Poors, the rating agency, has issued it’s prediction of how ageing will affect the rating of sovereign nations. Their report entitled “Global Aging 2010: An Irreversible Truth” opens with the comment “No other force is likely to shape the future of national economic health, public finances, and policymaking as the irreversible rate at…more
Aussie Boomers Have Saved Enough For Only Five Years Of Retirement!!?
Shocking news from a recent study by the Melbourne Intitute among people approaching retirement finds that Australians are generally not saving enough to maintain a living standard they believe is satisfactory for their entire expected life after retirement. For example, the projected life expectancy at retirement for a 55-59 year old single male is 17.2…more
Singapore Promotes The Benefits Of Older Workers – See the ads
Singapore’s Ministry of Manpower has launched a multimedia campaign created by Dentsu to promote the employment of older workers. Through the campaign, MOM aims to highlight the importance and benefits of employing older workers to CEOs, HR Directors, HR Managers and Line Managers. The campaign aims to increase awareness and acceptance of older workers, improve…more
Research Shows Generations Shift in HK Retirement Attitudes – Download slide
People working now do not want to be a burden on their own children – a big generational change in Hong Kong. Sun Life Financial surveyed over 400 employed and retired people in Hong Kong in early 2010 to create what it has termed an ‘Unretirement Index’. Read their Press Release here. 29% of the…more
East Asia’s ‘Elderly Zone’ Has Valuable Lessons For The World
Japan’s aging population burden may carry latent economic blessings. There are two ways to look at the Japan’s ageing population. On one hand, Japan possesses a degree of longevity that the world ought to envy. On the other, Japan is faced with an aging society groaning under a growing social security burden. Yet surely, a…more
Merrill Launches Retirement Services For Older Wealth
With the retirement market set to explode as baby boomers increasingly leave the job market, it offers great opportunities for banks and financial institutions to tap into the most lucrative demographic in history. To that end Merrill Lynch in the USA is launching a new ad campaign called “help2retire,” setting aside between $15 and $20…more
Economist: Companies Don’t Understand The Consequences Of The Silver Tsunami
In the lastest issue (Feb 4, 2010), The Economist reviews a few new books on the subject of ageing. Titled The Silver Tsunami, the article discusses the impact on business and says “Business will have to learn how to manage and ageing workforce”. Blindingly obvious to those of use who follow all this. The article…more
Calculate Your Life Expectancy Here
This “Living to 100″ life expectancy calculator is well worth a try [Click here]. The calculator, associated with a New England-based study on the characteristics of centenarians, estimates your mortal years based on stress levels, health factors, diet, and lifestyle. This can be very sobering. Either you’ll be shocked how your wayward lifestyle is going…more
Asia Countries Score Low In Global Pension Index
No country achieved a score over 80 – an A-grade system – proving that even the world’s most advanced pension and superannuation models still need refinement to ensure they are robust enough to support the world’s rapidly ageing population. The report recommended that Singapore’s system could be improved by: Raising the minimum level of support…more
ADB worries about pensions over “seizmic shift in ageing of SE Asia”
The Asian Development Bank has completed a study among the eight countries in Asia that are facing an aging crisis. In these countries the pension system is weak and inadequate, the study says. What makes the situation worse is that modernization and lifestyle changes have also shrunk the Asians’ formerly solid family-based support system. This…more