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Mass of pensioner-renters will hurt government finances, think tank warns

“Ageing millennial renters will present the government with a major fiscal challenge in future years, a major thinktank has warned” writes Matthew Lynn for telegraph.co.uk. Half of millennials will still be renting in their forties, and a third could still be renting by the time they claim their pensions, the Resolution Foundation has claimed in a new report on housing.Renters relying on pensions to fund their ongoing housing costs, rather than living in un-mortgaged homes could prove a major burden for the government, leading the amount spent on pensioner housing benefit…

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Ageing population ‘poses risks to economy’

“An ageing global population could be putting the brakes on economic growth, resulting in an almost permanent squeeze on living standards, a leading investment bank has warned” writes Ben Marlow for telegraph.co.uk. Older workers are typically less dynamic than younger participants in the labour market, economists believe, while pensioners spend their investments rather than making new ones.Slower growth in the populations of rich countries also reduces the market for goods and services.This removes an incentive for companies to invest. “Ageing populations remain a powerful dampening force on labour supply growth…

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Poverty of ageing Japanese population fuelling ‘silver crime’ wave

“Nearly one in four elderly Japanese convicts is reoffending and ending up back behind bars within two years of being released, according to new government figures” writes Danielle Demetriou for telegraph.co.uk. The most common reasons for imprisonment among elderly convicts were petty crimes such as shoplifting and theft, reflecting the financial hardships facing a growing swathe of Japan’s elderly population.Poverty is thought to be a key factor fuelling the surge in so-called silver crimes committed by Japan’s elderly people, and is one particularly negative side effect of the rapid pace…

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Dementia timebomb: Aging Japan faces healthcare crisis…

“One of the world’s most rapidly ageing and long-lived societies, Japan is at the forefront of an impending global healthcare crisis” writes Natsuko Fukue for yahoo.com. Dementia is a major global health issue with cases soaring as people live longer.By 2025, one in five of the over 65s — around 7.3 million people — in Japan will have dementia, the health ministry estimates, up from around 4.6 million now. Source: yahoo.com Share This:

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