"The populations of many advanced and emerging economies are aging.
The majority of the world�s population lives in nations where fertility rates are below replacement rates�in short,
these countries� populations are gradually aging. The resulting decline in labour-force participation rate will
limit the potential for economic growth, and a rising population of seniors will strain public finances."
(The Path to Prosperity: Resetting Canada's Growth Trajectory - Advisory Council on Economic Growth - December 1, 2017)