Demographics: credit risks and opportunities
Demographic trends are impacting issuers across sectors globally, weighing on economic and fiscal growth. From ageing populations, to income inequality, to rising healthcare needs, this page explores the credit implications of changing demographics.
  • SUMMARY
  • REPORTS

  • 0:00
    0:00
    PODCAST
    13 Nov 2019|Moody's Investors Service
    Vincent Allilaire and Antonio Tena from the Credit Strategy & Standards and Structured Finance teams discuss the dynamics of an ageing population in the UK and the fiscal/economic challenges it creates in the long run.​​​​
    SECTOR IN-DEPTH
    13 Nov 2019|Moody's Investors Service
    The UK's population will continue ageing in coming decades, creating fiscal challenges for government and private sector revenue opportunities. Even though age growth is slower in the UK than for EU peers, the UK's healthcare burdens and adult social care spending will quickly rise.

    SECTOR IN-DEPTH
    06 Nov 2019|Moody's Investors Service
    The EU has some of the lowest levels of income inequality in the world, but levels have risen over the last 30 years. This is relevant for the region's credit profiles because income inequalities can increase political risks, slow reform momentum, generate spending pressures and weaken long-term growth.

    0:00
    0:00
    Podcast
    04 Nov 2019|Moody's Investors Service
    Nick Samuels and Emily Raimes from the US Public Finance team discuss Puerto Rico’s difficult road to recovery despite its debt restructuring. Challenges include negative demographic and economic trends, a Medicaid funding cliff and uncertainty surrounding the federal oversight board’s proposed reform measures.​
    SECTOR-IN-DEPTH
    23 Oct 2019|Moody's Investors Service
    Absent measures that raise productivity growth or curtail spending, ageing populations in advanced economies – in particular Italy, Japan and, to a lesser extent, Greece and Spain – will increasingly weigh on these sovereigns’ economic and fiscal strength in the coming decades.