Question

Pension liabilities will be impacted in countries where population aging is an issue. According to the text, which of the following countries/areas is the most rapidly aging in the developed world?

a. Japan
b. Europe
c. United States
d. All three areas are aging at the same approximate rate.

Answer 1

Japan is the most rapidly aging country in the developed world.

Step-by-step explanation:

According to the text, the most rapidly aging country in the developed world is Japan. It states that many high-income nations are approaching a situation where the elderly will form a larger share of the population, and Japan is particularly affected by this issue. The demographic changes associated with population aging will have a significant impact on the standard of living for both the young and the old.