Five Insights From Demography That Could Change Your Views on Financial Inclusion

>Posted by Center Staff
Peter Kasprowicz of Credit Suisse and CFI’s Elisabeth Rhyne have recently completed an examination of global demographic trends and their implications for financial inclusion. What they found could change how we think about financial inclusion. Elisabeth Rhyne will launch the publication, “Financial Inclusion and the Demographic Window,” at the 2012 Global Youth Economic Opportunities Conference hosted by Making Cents International. The Microlinks blog has posted some key findings from the publication in advance of its release. The post begins:
1. The youth bulge is ending for much of the developing world. It is axiomatic to think that in the developing world the population is very young and birthrates high. However, things have already changed for many of the world’s middle income countries. In Mexico, South Africa, and many other countries there will actually be fewer children by the end of the decade than there are today, while the number of elderly people, though still small, will grow rapidly. Only in the poorest countries, particularly in Africa, are children and youth still the fastest growing segments. For those countries with changing demographics, now is the time to begin focusing on the financial needs of older adults.
2. The “demographic window” challenges countries to use financial inclusion to make the most of a unique economic opportunity…
Read the rest of the article on the Microlinks blog.
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