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CFA Romania: Study about aging population and economic consequences of the phenomenon
CFA Romania Association launched on Tuesday a study about the aging population and the economic consequences of that phenomenon, considering that it is an important matter for Romania's public policy agenda which cannot suffer any delays.
“2040 is the year when Romania population aged 65+ will exceed people under 24 years old, each of those categories representing about a quarter of Romania's population at that moment,” a press release of the Association shows.
According to the source, Romania is an exporter of labor force and social balance in EU. Studies show that, in the context of an open market, certain imbalances in developed markets are covered by imported labor force. Romanians who emigrated contribute both to covering the necessary labor force in fields with deficit and to balancing the social system and social contract in EU countries.
According to the study we do not have money and things will become more complicated if we do not contribute to changes. The study shows that we have more imbalances that lead to this deficit, such as the aging population, the taxing system and collecting level and labor productivity.
The study shows there are several factors which make that the social contract is hardly accepted in Romania. They are nominal components such as the quality of education ad access to social services, and relative components pointing out how well we live compared to other social classes or professional categories. Moreover, the social contract proposed by other EU states are better received by society.
According to the press release, education and health represent bases of a healthy system, offering individuals the opportunity to have a decent life, in a country with big opportunities.
The study shows that it is expected that people who have access to education and health should be able to ensure the other needs, in condition in which Romania has many opportunities.
CFA Romania considers that the problem of aging population is important for Romania's public policy agenda and cannot suffer delays.
CFA Romania Association is the organization of professionals in investments in Romania, owners of the title of Chartered Financial Analyst (CFA), a qualification administered by CFA Institute (USA). CFA Romania is one of the over 160 member societies of CFA Institute and has the mission to promote interests of investment specialists and to maintain high standards of integrity and professional excellence.
At present, CFA Romania Association has over 250 members, owners of the title Chartered Financial Analyst. The CFA community also includes about 150 candidates for one of the examination levels.