Reference: 1682 Title: Dependency and Depopulation: Addressing a New Demographic Reality Summary: Declining birth rates and increased longevity threaten economies by reducing the working-age population, risking stagnation and pension system instability. URL: https://www.mckinsey.com/mgi/our-research/dependency-and-depopulation-confronting-the-consequences-of-a-new-demographic-reality