Traditional investment no longer effective as population ages 

InvestorDaily

Australians have an estimated 9.7 years of savings beyond retirement, however, the population is expected to outlive these savings by 9.9 years for men and 12.6 years for women, according to the World Economic Forum. As more Australians move towards retirement and life expectancy increases, traditional retirement investment may not suffice for the economic complexity of an ageing population. Ahead of her keynote address at the Australian Wealth Management Summit 2025, Cassandra Crowe, CFA, vice president, T. Rowe Price Group Inc, said the world’s ageing population has forced investors to pivot retirement and investment strategies to meet the future demographic.

The number of people aged 65 or older is projected to reach 994 million by 2030 and 1.6 billion by 2050, according to the United Nations. In fact, the World Health Organisation reports that people aged 60 years and older already outnumber children aged five years or younger. “With more of the population ageing, we are shifting to a new chapter in global demographics,” Crowe said.

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