In the contemporary world, the economic problem of population aging is gradually revealing itself. UNESCO provides a standard where the population of a single country or region over the age of 60 represents more than 10% of the total population, which corresponds to population aging. In recent years, both developed and developing countries have faced more serious consequences of aging for economic progress. According to the Demographic Outlook (2009), the whole world will accelerate the pace of aging after 2010. Specifically, the share of older people is 22% in rich countries and 8% in poorer countries, while these figures are will rise to 33% and 20% in poor countries. %, respectively. Why is aging becoming a problem? The US Census study highlights that the aging of the world's population is not the story of an emerging social phenomenon. Four reasons to explain it. Fundamentally, this demographic shift stems from advances in medical technology, education, and economic growth. The Economist (2009, p. 2) notes that another passing cause is baby boomers aging after World War II. The change in the structure of the population produces a series of effects on employment, public finances and the level of consumption. In my view, aging brings three potential crises to the global economy. Labor shortage I focus on labor in aging countries. I put forward three reasons for this point. First, the increase in the proportion of elderly people and the reduction in the number of newborns, which leads to more jobs that no one succeeds in. In addition, a growing number of older people aspire to a happy and relaxed retirement life. Despite retirement, the situation in each country is different, generally between 55 and 70 years old. For example, in Austria, the normal retirement age should... middle of paper ...... the development of the aging global economy has brought both opportunities and challenges. Despite this, economic crises are always more important than business opportunities. We need to adopt a positive attitude towards aging. Some measures have been taken to remedy the current problems. Such as reemployment of workers, investment in housing suitable for the elderly, to encourage investment and financial management. Economic problems caused by aging will gradually arise in the future.1149 wordsBibliography1."World Population Prospects, Graying World Forecast, United States, 2009.2. The Economist, June 27, 2009, “A slow-burning fuse,” available at: www.economist.com/specialreports3. Chart source: OECD, 2009, OECD Pensions at a Glance Published by: OECD Publishing Available at: http://www.oecdbookshop.org/oecd/index.asp?CID=&LANG=EN[Accessed October 15 2009]