A new look at estimating the needs of the aging population
How will aging affect the populations of the world? What should governments, organizations and individuals be prepared for? To look into the future—sometimes 20, 30 and 100 years away—analysts use projections. Projections are estimates, or “what if” scenarios, of changes that could take place in the future based on current information and past trends. Projections are based on a set of assumptions and often propose at least three scenarios: low, midrange and high estimates. When the assumptions or the current information changes, the projection will be affected.
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