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The Surprising Implications of an Aging Population

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Jul 8, 2025
Kevin Daly, co-head of Goldman Sachs Research's Central and Eastern Europe, Middle East, and Africa economics team, discusses the unexpected benefits of an aging global population. He argues that concerns about a demographic time bomb may be exaggerated. The conversation includes insights into how advancements in health are allowing healthier, more capable seniors to contribute longer in the workforce. Daly also addresses the economic implications of rising life expectancy and declining fertility, emphasizing the need for policies that support extended working lives.
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INSIGHT

Global Aging Demographics

  • The global population is aging, with median ages rising in both developed and emerging economies.
  • The working-age population ratio is declining, indicating a shift in demographic structure.
INSIGHT

Longevity's Role in Aging

  • Longevity has steadily increased over the last 150 years, contributing to population aging.
  • Life expectancy improvements are even faster globally due to convergence among countries.
INSIGHT

Healthier Longer Lives

  • Increased longevity means people live both longer and healthier lives.
  • Cognitive and physical abilities at age 70 today are similar to those of younger ages 25 years ago.
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