GS SUSTAIN: The Demographic Dilemma — Aging Populations and the Social Investing opportunities from potential solutions

Latest 2024 UN data show that populations are declining faster than initially expected in mature economies around the world and nearly 1/4 of the world's population already lives in countries with declining populations. A resulting Demographic Dilemma — a shrinking productive labor pool tasked with supporting an aging population — has potential to impact multiple Sustainable Development Goals and drive a wider opportunity set for Social Investing. Goldman Sachs Research assesses the investment implications of this global trend, and five potential responses from companies and governments.