Philippines pensions face up to default threat | Taiwan turns back the sands of time
ASIA FACES A serious demographic challenge. According to the UN, by 2050 approximately 750 million people in key Asian economies will be older than 65.
In most Asian countries, the age dependency ratio, the ratio of those over 65 to those of working age (15 to 65), is already high and forecast to increase rapidly over the next 20 years. Conversely, replacement ratios in the region, the amount of retirement benefit to pre-retirement income, are generally too low, just at the time when they should be rising.
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