By KKR Feb 13, 2018

At KKR, we are committed to finding new ways of sharing our best individual and collective insights with our clients and partners. Our new publication, KKR Viewpoints, seeks to provide analysis and perspective on issues that we believe to be relevant to our business and broader macroeconomic world at large. This week we published the inaugural issue, authored by Ken Mehlman and Paula Campbell Roberts, which examines What Does Population Aging Mean for Growth and Investments?

We are currently undergoing a major demographic shift as the Baby Boomer population retires and ages. Also concurrent to this shift has been the rapid rise in global technology, evolving immigration sentiment, and the Millennial coming–of–age. Unless economies expand their labor forces and/or improve productivity, we face slower long–term growth and a widening income gap.

In the first section of this paper, the team delves further into the impact of demographic shifts on the economy and investments. In particular, they look at aging and its impact on growth, consumption, urbanization and consumer preferences. Following this global review, they consider steps nations have and may continue to take to counteract these demographic headwinds, including leveraging technological innovation and immigration to build larger and more productive workforces. They then delve deeper into demographic trends in 6 countries– Mexico, China, U.S., U.K., Germany and Japan. Throughout this paper, the team provides specific investment themes to consider.

As a bonus to the published report, below you can find an audio recording of Ken Mehlman and Paula Campbell Roberts discussing a few key discoveries from their research, which is further described in the paper.



The views expressed in the publication and summarized herein are the personal views of Paula Campbell Roberts and Ken Mehlman of KKR and do not necessarily reflect the views of KKR or the strategies and products that KKR offers or invests. This blog contains projections or other forward–looking statements, which are based on beliefs, assumptions and expectations that may change as a result of many possible events or factors. If a change occurs, actual results may vary materially from those expressed in the forward–looking statements. All forward–looking statements speak only as of the date such statements are made, and neither KKR nor Ms. Roberts or Mr. Mehlman assumes any duty to update such statements except as required by law. Nothing contained herein constitutes investment, legal, tax or other advice nor is it to be relied on in making an investment or other decision.