However, younger generations are unsure as to whether the increasing demand will be met. According to a survey conducted by the Bank’s affiliate, the Central Council for Financial Services Information, among the households headed by those under 60, 19% were “very worried” about retirement in 1995, and the share more than doubled to 45% in 2003.
Suppose, for example, that the authorities in the US, concerned about a rising trade deficit, had slowed their economy in order to reduce imports. All other things equal, the world economy would have grown more slowly as a result.