Greying Asia faces pensions time bomb

Macau Daily Times, 12 Jul 2009
Asia is facing an ageing crisis with weak and inadequate pension systems and family-based support dwindling, a leading development bank said yesterday.
"A young continent reaping the demographic dividend of a large youthful workforce is giving way to a greying continent where the ratio of retirees to workers is on the rise," senior Asian Development Bank economist Park Donghyun said in a study released by the Manila-based lender.
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