Impacts To The Rapid Transition in Asia's Demography

The impacts refer to the economic and social problems that ageing society face.

Labour Markets

• Shrinking Workforces with an expected 1/5 decrease in working-age population by 2055
• Vulnerable to big sectors, like agriculture

Social Costs 

• Pensioners falling into poverty. The pensioners in poor country are often unable to save adequately. There are fewer than 40% of the elderly who receive a pension
• Poor financial literacy, limiting what they can do with their saving

Health Care

• Overburdened & Their health care tends to be rudimentary