Perhaps the International Monetary Fund needs to speedily adopt a more humane face in dealing with sensitive issues like ageing.In North America and Western Europe,people are living longer.I am sure that they and their loved ones are thankful to God for this longevity.
In an age where better medical healthcare is available,it should not be surprising that people are living longer.But the longer people live the old age dependency ratios go higher.The IMF projects that if everyone in 2050 lived 3 years longer the society would need extra resources equal to 1 to 2 % of GDP per annum.
Well,countries could make this longevity work for them by utilizing many of these retirees as contract workers at the office,factory or at home.
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