Are you aware of the global aging crisis? Now at FAI we don’t think to grow old is a problem or a crisis at all. But many of our developed countries around the world are facing a crisis of economic and health care stresses as their countries begin to tip out of balance with respect to their average age.
I was in South Korea recently which is the first country I have visited which has such an aging population their population is on pace to begin declining in about 15 years. By 2040 over 1 out of 3 people will be over the age of 65 in South Korea, and in a country where many stop working after 55, but live well into their 80s and 90s this represents some pressing problems for their economy as well as health care industry. And South Korea is not unique.