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This is unnecessarily pessimistic.
First, ALL countries are aging. Moreover, with a median age of 25/26 years, the
is one of the youngest in the region and among emerging markets. Compare that with 
(48), 
(44), 
(42), 
(39), 
(38), 
(32) and 
(30). https://twitter.com/philstarbiznews/status/1351027988565995526
First, ALL countries are aging. Moreover, with a median age of 25/26 years, the
is one of the youngest in the region and among emerging markets. Compare that with (48), (44), (42), (39), (38), (32) and (30). https://twitter.com/philstarbiznews/status/1351027988565995526
Second, the 2.5 fertility rate mentioned in the article is higher than Asian/EM peers but has been falling and will reach the replacement rate of 2.1 within a decade. In contrast, quickly aging countries like ,, and 
all have an UNHEALTHY fertility rate of 1.0-1.7.
,, and all have an UNHEALTHY fertility rate of 1.0-1.7.
If a country's fertility rate falls well below replacement for a prolonged period of time, and absent migration, the labor force will shrink (happening in China) and eventually, so too will the overall population (Japan). Read more here: https://asiatimes.com/2021/01/chinas-demographic-time-bomb-quickly-ticking-down/
Bottom line, the still has time to reap its demographic dividend. It is not guaranteed and needs the right policies in place. But we are certainly not falling into a demographic trap as the article suggests. Over time, the ratio of dependents (minors + seniors) per person...
still has time to reap its demographic dividend. It is not guaranteed and needs the right policies in place. But we are certainly not falling into a demographic trap as the article suggests. Over time, the ratio of dependents (minors + seniors) per person...
...in the labor force will fall. This means that the average worker/family will be able to spend more and more on wants rather than just needs. Consumer discretionary stocks, therefore, will outperform staples in the long run.
