to balance the books. plus, with the cost of living soaring around the world, global debt has hit a record $300 trillion. so we ll hear from the boss of europe s leading debt collection agency about how it balances the need to recover cash for its clients with people s ability to pay. wherever you rejoining me from around the world. once again, a big hello and a warm welcome to the show. getting old is something that happens to all of us. butjust how are we as individuals and as a society going to pay for it? this year, france has seen high profile and often violent demonstrations about government plans to address exactly that question. but the french aren t alone, across europe as well as in the us and japan and many other countries. our populations are getting older at a time when the global economic system has undergone a series of major shocks. since the second world war global life expectancy has risen steadily, while birth rates fall. in 2019 before the pandemic, the av
hello everybody. a very warm welcome to talking business weekly. let s take a look at what is on the show. can we really afford to get old? ageing populations mean a rise in pensions and health care costs but, with government struggling for cash, who is going to pay? it is the problem at the heart of this year s protests with other countries facing similar challenges. well living standards need to step can change keep us comfortable in our senior years? i am going to discuss all of this with these two. a pensions expert who says we are sitting on a global pensions crisis time bomb that needs to raise retirement ages and from this leading economist who will explain why an ageing population isn t good news for governments trying to balance the books. plus, with the cost of living soaring around the world, global debt has set a record. $300 trillion. so we will hear from the boss of europe s leading debt collection agency about how it balances the need to recover cash for its cl
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less than 15% can answer a basic interest calculation on a loan so there are still a lot of work to do. thank you very much indeed for joining us. thank you very much indeed for joining us- thank you very much indeed for oinin: us. . ~ ., ., joining us. thank you for having me. have a good joining us. thank you for having me. have a good day- joining us. thank you for having me. have a good day. i d joining us. thank you for having me. have a good day. i d make joining us. thank you for having me. have a good day. i d make that - joining us. thank you for having me. have a good day. i d make that is i have a good day. i d make that is all for this week. you can keep with all for this week. you can keep with all the latest on the global economy and the bbc website and smartphone app. and the bbc website and smartphone a . . and the bbc website and smartphone a. . ., and the bbc website and smartphone a. ., and the bbc website and smartphone an. ., and the bbc website an
governments and so, as the population ages and those costs rise, the government finances are under a lot of stress. but rise, the government finances are under a lot of stress. rise, the government finances are under a lot of stress. but the sorts of demographic under a lot of stress. but the sorts of demographic changes under a lot of stress. but the sorts of demographic changes don t i under a lot of stress. but the sorts i of demographic changes don t happen overnight, do they? it has been many years in the making so how is it governments are not better prepared? no, you are right, this is well known that the population was going to age. there have been some surprises in terms of the sharp decline in replacement rates across the globe, particularly rates are down, people arejust the globe, particularly rates are down, people are just not having children at the same rate as they did just a few years ago, a decade ago. we knew this was long coming. i think it is very difficult fo