A PIDS study found that the Philippines’ aging population is rising. Citing United Nations data, the study projected that the elderly, aged 65 and older, will already comprise at least seven percent of the total population by 2032. This rising number of old people may pose a heavy burden on the country’s resources as income tax, health insurance premiums, and pension contributions, as a proportion of the total population, may decline as a result of the demographic shift. This may affect the sustainability of services that the government provides. However, an aging population and increased life expectancy may also open up possibilities for economic growth in terms of higher savings and investments. Know more about the study titled “Are We Missing Out on the Demographic Dividend? Trends and Prospects” here: https://www.pids.gov.ph/publications/6756
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