ALLIANZ SE
Allianz Group Communications
Koeniginstr. 28
80802 Munich
Germany
Receive the latest Allianz news and information about upcoming events.
Receive the latest Allianz Group Communications press releases on your web browser quickly and conveniently via RSS newsfeed
More
Contact
Newsletter
RSS Feed
- Social Media
"It is as simple as that: The baby boomers did not get enough children themselves", said Brigitte Miksa, Head of Allianz International Pensions.
This is one of the key findings of the current survey of Allianz International Pensions, entitled "Baby, it's over now: The last baby boomer turns 50."
Consequently, the ratio of older people over 65 to the working age population aged 15 to 64 will once more clearly shift at the expense of the younger generation. The pension expenditure of the 18 countries examined1 will rise by 29 percent on average when their boomers retire; many Anglo-Saxon countries being on the upper end of this range due to strong generations and long-lasting booms. The economic challenges of European countries are more likely to be put down to the comparatively old populations. Here the dramatic decrease in birth rates following the boom has a more significant impact than the baby boom itself. "It is as simple as that: The baby boomers did not get enough children themselves", said Brigitte Miksa, Head of Allianz International Pensions.
1Countries surveyed: Australia, Austria, Belgium, Bulgaria, Canada, Denmark, Finland, France, Germany, Hungary, Italy, the Netherlands, New Zealand, Norway, Sweden, Switzerland, U.K., USA
As with all content published on this site, these statements are subject to our Forward Looking Statement disclaimer:
Petra Brandes
Allianz Group
Phone +49.89.3800-18797
Send email
On December 31 of this year we will pass a demographic milestone as the last US baby boomer turns 50. Globally, the transition of the baby boomer generations into retirement, on account of its sheer size also known as the "Silver Tsunami", is taking place. This will challenge the pension systems over the coming decades to an ever increasing extent.
More...Sovereign bonds have been full of surprises this year: From the U.S. to Spain, yields are declining further after confounding investors' expectations by staying low for most of 2014. It's a trend that could be setting markets up for greater volatility in 2015.
More...|
distributed by
|
