In the contemporary world, the economic problem caused by the aging population is gradually revealing itself. UNESCO provides a standard that the population of a single country or region over 60 years of age exceeds 10% of the total population, which falls under population aging. Both developed and developing countries face more severe impacts of aging for economic progress in recent years. According to the demographic outlook (2009), the whole world will accelerate the pace of aging after 2010. More precisely, the proportion of elderly people is 22% in rich countries and 8% in poorer countries, while these figures will rise to 33% and 20% in the poorest countries. %, respectively. Why does aging become a problem? The U.S. Census study highlights that global population aging is not the story of an emerging social phenomenon. Four reasons to explain it. Fundamentally, this demographic shift comes from advances in medical technology, education, and economic growth. The Economist (2009, p.2) notes that another passing cause is baby boomers going gray after World War II. The change in the structure of the population produces a series of effects on employment, public finances and the level of consumption. As I see it, there are three potential crises in the global economy caused by greying. Labor shortages I focus on the workforce in aging countries. On this point I give three reasons. First, increasing the proportion of elderly people and reducing the number of newborns, which lead to more jobs, fails. Additionally, a growing number of seniors yearn for a happy and relaxed retired life. Although each country's pension situation is different, generally between the ages of 55 and 70. For example, in Austria, the normal retirement age should… middle of paper… The development of the aging world economy has brought both opportunities and challenges. Despite this, economic crises are still greater than business opportunities. We should take a positive attitude to face aging. There are some measures taken to help the current problems. For example, the reintegration of workers, investment in housing suitable for the elderly, to encourage investment and financial management. Economic problems caused by aging will gradually arise in the future.1149 wordsBibliography1.“World Population Prospects, A Forecast of the Graying World, United States, 2009.2. The Economist, June 27, 2009, “A slow-burning fuse,” available at: www.economist.com/specialreports3. Chart source: OECD, 2009, OECD Pensions at a GlancePublished by: OECD PublishingAvailable from: http://www.oecdbookshop.org/oecd/index.asp?CID=&LANG=EN[Accessed 15 October 2009]