Together, your organizations are providing capacity building, advocacy, and services for the benefit of your communities and the city as a whole. Like many of the nation’s metropolitan areas, New York City has rebounded since the recession and is thriving. 2 That, however, has not been the experience for many.
The total fertility rate has been gradually increasing; however, it continues to face the challenges of an aging population. Meanwhile, Japan faces the headwinds of both a declining and an aging population, with a total fertility rate far below two.1 Today, I would like to talk about how such demographic changes are affecting the financial sector.