Immigration: Pension Costs

Birthrates Dept: Some of the world's lowest birthrates look set to slash labour forces in Singapore, South Korea and Taiwan, where fewer workers will support more retirees and their ballooning health care and pension costs, according to Vancouver Sun. On current trends, Japan's population of 127 million will by 2055 shrivel to 90 million, its level when it kicked off its postwar boom in 1955, warns the National Institute of Population and Social Security Research and east Asia's booming economies have for years been the envy of the world, but a shortfall in one crucial area -- babies -- threatens to render yesterday's tigers toothless. Shuffling along in the vanguard of aging Asia is Japan, whose population started shrinking three years ago, and where almost a quarter of people are over 65, while children make up just 13 per cent. As reported in the news.
@t social security research, postwar boom