s+b Trend Watch: The Aging Workforce Is Pressuring Cities
Aging populations and slower birthrates are presenting challenges to cities around the world.
Aging populations and slowing birthrates are presenting challenges to cities around the world, and those problems are set to intensify, a new study of 30 major world cities shows. “Graying cities” pose a conflict between the shrinking coffers caused by fewer working-age people (i.e., taxpayers) and ever-higher pension draws and healthcare costs.
* Hong Kong, Singapore, Tokyo
Source: PwC, “Cities of Opportunity 7,” Sept. 2016
Recommended stories
As more and more baby boomers retire, employers must learn to understand the motivations and desires of the younger generation of workers taking their place.
Economists often warn that an abundance of elders will be problematic for the economy. But new research shows that such a demographic shift could be a good thing.
