MIAMI: This country could unlock an economic boost by tapping into an aging workforce, according to a report.
The move could help the government avoid a cash crunch, as demographic changes mean that the costs of financing pensions and healthcare are likely to soar.
Accounting giant PwC, which conducted the research, said that increasing the numbers of older people in employment could “boost tax revenues and reduce benefit payments significantly”.
“Our research shows there could be big gains for the economy from policies directed at keeping people skilled and motivated to stay in the workforce for longer,” said…