The Surprising Implications of an Aging Population

In this episode of Goldman Sachs Exchanges, Allison Nathan interviews Kevin Daly about global aging and its economic implications. Daly explains that global populations are aging due to increased longevity and declining fertility rates, noting that while increased longevity is a positive development, declining fertility raises concerns about future economic growth. They discuss how people are living not only longer but also healthier lives, and are working longer, which helps to offset some of the negative economic impacts of aging populations. Daly suggests that the concerns about the economic consequences of aging may be overstated, as societies are adapting by extending working lives and that investment strategies should consider that people are remaining in different life stages for longer periods.