The World Bank warned in March that the impact of an aging workforce on the global economy continues to intensify. In Japan and South Korea, due to the rapid increase in the proportion of the elderly population and the lack of a young labor force, the economic growth rate has been significantly dragged down. China, the United States, and many European countries are facing the problem of an increasing retirement population, but there is a shortage of a replaceable labor force.
Financial & Investing
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The latest survey in the United States shows that a person needs to prepare 1.25 million US dollars, which is about NT$40 million, to enjoy retirement life and pay all expenses. In recent years, due to rising prices and inflation, the demand for savings has increased by 20% compared with last year.
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Countries around the world have raised interest rates to combat inflation, and monetary tightening has reached the largest extent in 50 years. The three major economies of the United States, China, and the eurozone have experienced the sharpest slowdown since 1970. The GDP growth rate will be greatly affected, and the global economy will fall into recession.
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The “Global Wealth Report 2022” released a few days ago shows that Asia has surpassed Europe in terms of wealth. Taiwan’s per net assets reached 138,220 euros, surpassing Japan, South Korea, and Singapore, ranking first in Asia. It ranks fifth in the world, after the United States, Switzerland, Denmark, and Sweden.
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