By George Magnus
The economic and financial effects of rapid ageing in western countries start to become more evident from now, as the leading edge of the baby boomers leads the long march into retirement.
Dealing with the so-called demographic transition poses challenges for which governments, not least that of President-elect Obama, and citizens are still largely unprepared. For at least three reasons, the financial crisis and the ensuing recession could not be happening at a worse time. Read more