Costs of aging population ‘have been overestimated’

October 1, 2010 • Daily Email Recap

Thanks to Joe Bish for this article from the Telegraph.

The two factors tend to balance each other out, the researchers found, suggesting that Governments may have overestimated the future costs of demographic changes.

For instance, standard measures assume that over 65s are likely to need carers, whereas healthy elderly people are often themselves able to look after an even older relative, the report’s authors said.

Scientists from the International Institute for Applied Systems Analysis (IIASA) in Austria, Stony Brook University, USA, (SBU), and the Vienna Institute of Demography (VID) have developed new measures of aging that take into account the actual costs incurred as people get older.

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