Editorial: Le Monde

• Demographic aging is a predictable crisis with large social and economic implications.
• This global phenomenon is caused by the lengthening of life expectancy and decreasing birth rates.
• The growing number of elderly people threatens the stability of social and foreseeing systems.
• In the case of France, in 2070, people over 65 will represent almost a third of the population.
• Economies with an aging population struggle to keep a level of growth that can finance its social model.
• Productivity may decrease as the active population diminishes.
• Savings exceed consumption and investment, and aging absorbs an increasing share of the country's resources.
• Global warming and defense are other urgent areas that require financial resources.
• Political debate around these challenges is polarized and it paralyzes action.

Conclusion: There are no easy or popular solutions to the aging challenge. However, a realistic and equitable debate is essential to introduce necessary changes, such as increasing taxes, reducing the level of pensions, increasing the retirement age, and resorting to immigration.

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