What an (Economic) Drag It Is Getting Old

An aging global population could have important market implications

BROOKS RITCHEY, SENIOR MANAGING DIRECTOR, K2 ADVISORS, FRANKLIN TEMPLETON SOLUTIONS

As legendary Rolling Stones frontman Mick Jagger has crooned, it clearly can be a drag getting old—and this applies to economies as well as aging rock stars.

The world is getting older (much older in some geographies), and to us this is without question becoming a meaningful drag on economic growth—one that will likely persist into the future.

Consider the data: According to the US Census Bureau, among the 7.3 billion people on earth today, an estimated 8.5%,...

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