{"type":"document","data":{"id":"daa411f5-4e4b-4fcc-8875-641e61787b4c","localeString":"en-GB","publishDate":"2023-02-15T11:31:20.204+01:00","contentType":"onecms:editorialPage","hasMacro":false,"flexPageMetadata":{"afmBanner":false,"robotInstruction":{"noIndex":false,"noFollow":false},"description":"The ageing of the population is a major shock for our society but also for our economy."},"mainHeaderZone":{"componentType":"editorialHeader","coreHeader":{"title":"Ageing: more than a question of public finances","subtitle":"Awareness of the seriousness of climate change and rising inequality is constantly growing, which is important to trigger the necessary reforms","body":"Ageing, on the other hand, is more difficult to keep central to economic policy. This is all the more paradoxical because this structural shock received due attention early on in Belgium and was easily foreseeable."},"backLink":{"textLink":{"url":"/en/individuals/news/economy-and-financial-markets","text":"Economy and financial markets"}},"date":"2022-12-13","readingTime":2,"authorInfo":{"authorName":"Philippe Ledent","jobTitle":"Expert Economist - ING Belgium","intro":"Member of ING's economic research department.","image":{"transformBaseUrl":"https://assets.ing.com/transform/66f96412-88c5-462c-b78b-f8866d659734/Philippe-Ledent","type":"image","width":1920,"original":"https://assets.ing.com/m/312f225fb35c4929/original/Philippe-Ledent.jpg","extension":"jpg"}}},"flexZone":{"flexComponents":[{"componentType":"paragraph","richBody":{"value":"<p>In this article, we show that the effects of aging are broader than just those on public finances. But the other effects are indirectly likely to change the fiscal cost of aging itself.</p><p>Specifically, aging represents a major shock to the labor market, the real estate sector, labor productivity and, of course, the sectoral distribution of economic activity in Belgium, with a major challenge for the healthcare sector in particular.</p>"}},{"componentType":"highlight","richBody":{"value":"<p><strong>Want to know more?</strong></p>"},"textLinks":[{"url":"https://assets.ing.com/m/28761d7c8916dab8/ageing-nl.pdf","text":"Read the report in Dutch"},{"url":"https://assets.ing.com/m/5570cde66a72440d/ageing-fr.pdf","text":"Read the report in French"}]}]},"complementaryZone":{"flexComponents":[{"componentType":"sectionTitle","title":"Also interesting!"},{"componentType":"cards","cards":[{"componentType":"articleCard","cardType":"article","cardSize":"medium","title":"Survey: Facing inflation","body":"Belgians adapt their behaviour","image":{"transformBaseUrl":"https://assets.ing.com/transform/89380799-0b3e-4959-89e7-732702fceebf/facing-inflation-1920","type":"image","width":1920,"original":"https://assets.ing.com/m/41166806afc0c3fd/original/facing-inflation-1920.jpg","extension":"jpg"},"date":"2022-11-28","link":{"url":"/en/individuals/news/economy-and-financial-markets/facing-inflation"}},{"componentType":"articleCard","cardType":"article","cardSize":"medium","title":"Monthly economic update","body":"The world waits for a climbdown","image":{"transformBaseUrl":"https://assets.ing.com/transform/6a17a986-8d0e-4abe-8031-61fed121b759/Detroit-Ormuz","type":"image","width":831,"original":"https://assets.ing.com/m/7d4bbd1c89f73af5/original/Detroit-Ormuz.jpg","extension":"jpg"},"date":"2026-04-22","link":{"url":"/en/individuals/news/economy-and-financial-markets/monthly-economic-update"}},{"componentType":"articleCard","cardType":"article","cardSize":"medium","title":"EcoCheck Podcast","body":"Podcast | Will the euro area’s potential economic growth continue to slow down?","image":{"transformBaseUrl":"https://assets.ing.com/transform/36cc9c69-03f5-40ff-a45e-5c713c7e93e6/EcoCheck-110-050502026-FR","type":"image","width":3000,"original":"https://assets.ing.com/asset/36cc9c69-03f5-40ff-a45e-5c713c7e93e6/EcoCheck-110-050502026-FR.png","extension":"png"},"date":"2026-05-05","link":{"url":"/en/individuals/news/economy-and-financial-markets/ecocheck-podcast"}}]}]}}}