The Real Cost of Demographic Decline on National Wealth

The Demographics Podcast with Fexingo: Aging Populations, Birth Rates, and Economic Impact · Sep 23, 2026 · 7m · transcript

We examine how shrinking workforces and aging populations are fundamentally altering national balance sheets, focusing on the specific case of Japan’s sovereign debt dynamics and the emerging 'demographic discount' in global capital markets. With data from the September 2026 economic outlook, we break down why traditional growth metrics fail to capture the hidden drag of an older society, exploring the shift from human capital expansion to wealth preservation. This episode connects macroeconomic theory with real-world investment implications for fixed income and long-duration…