BLOG SURF: Aging population

One of the main development challenges in Asia is the exponential population growth of older people.

Population aging is a phenomenon that we can no longer ignore in this region, where one-fifth of the population will be over 65 years old by 2050.

Increasing longevity is one of humanity’s great achievements. The opportunities to enjoy life at the fullest as an active member of society are a cause to celebrate.

Opportunities come with challenges, however. Population aging presents social, economic and cultural challenges to individuals, families, and societies.

What does it mean to be old in Asia? Asia is not a homogenous region, ranging from very rich countries with a per capita GDP over $50,000 like Japan and Singapore to less than $3,000 in Nepal, Lao People’s Democratic Republic, and Tajikistan.

A recent ADB study shows that the richer the country, the more old persons are covered by social protection programs such as pensions and health insurance.