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I dont know how they can ignore demographics in this study. Every Western nation has a fertility rate below replacement. I dont know how any of these current systems can even be considered remotely "sustainable". Even in the US with the highest fertility rate of most Western nations, the Social Security system will be facing an astronomical $60 Trillion budget shortfall in the next 50 years. The bank of Greece is projecting that by 2050 Greece will be spending 33% of GDP on the elderly. The does not take into consideration all other government expenditures. They mention this estimate only differs 2 percentage points from the EU15 and EU25 projections. Unfortunately this same situation applies to most Western countries, including Australia and Japan. I believe we need to take care of our elderly, but sadly I dont have a solution to this problem. (http://eng.bankofgreece.gr/en/announcements/files/14.2.2008 Economist EN.doc) (http://www.stopkillingourdollar.com/2009/05/look-into-future.html)