Cost of ageing to culminate in 2040Tuesday, 10 July 2018 15:11
The increase of social expenditure should therefore culminate in 2040, in particular pension and health care expenditure. The elderly’s dependence coefficient (ratio between population 67 plus and that of 18 to 66 years old) will rise significantly within the years to come, according to the Committee’s reference scenario.
From 2040 on, this coefficient will stabilize progressively. On top of that, the social allocations will be upgraded; but the solidarity inter-generational pact is planning on a slower evolution than that of wages and GDP increase between 2040 and 2070.
Simultaneously, the pensioners’ risk of poverty will decrease continuously until the beginning of the 2050s, before it stabilizes, according to the SCA.
This decline can be explained by the upgrading of the pensioners’ minimal allocation (quicker than the wages and the poverty threshold until the mid 2030s), as well as by the increase of women’s activity rate.
This report “confirms once again that governmental reforms diminish the cost of ageing,’’ commented Minister Daniel Baquelaine (MR).
The Brussels Times
Building and managing prisons is cheaper via the public sector than via the private sector, according to the Accounts court.
A piece of cloth impregnated with the blood of Pope John Paul II, canonized in 2014, will be displayed for…
If they wish to do so, the capital’s officially registered hotels will soon be allowed to display the number of…
Some 2,000 canaries sent to Israel earlier this month before being returned to Belgium, will leave in a few days…