"Economist Urges Rethinking Aging to Address Looming Retirement Crisis"

Economist Andrew J. Scott believes that the aging population will be one of the defining issues of the 21st century, calling for a transition to an "evergreen economy" that channels the world's aging population to address inequality and boost growth. As life expectancy increases, challenges such as strain on the pensions system, labor-market shortages, and a rise in age-related diseases are becoming more prominent. Scott emphasizes the need for governments, companies, and individuals to rethink aging, invest in preventive health initiatives, and adapt to the reality of living longer, in order to address the looming retirement crisis and ensure sustainable health and skills for older individuals.