According to the bond rating agency Moody, the aging population will NOT have any effect on______.

The world is getting older. As more people retire each year, fewer working-age people will be there to replace them. This has effects not only in the work place but in the world finance.(4- 1)The bond rating agency Moody says the aging population will lead to a drop in household savings. This could mean that total investments will fall and economic growth could slow.
     (5 - 1)Some reports have described Japan, Italy and Germany as the world’s " Super Aged" nations. That is the name for countries in which at least 20 percent of the population is at least 65 years old.
     (5 - 2)In five years, six more countries will join the list of "Super Aged" nations. And 34 nations will be super aged by the year 2030.(4-2)This will have a big influence on labor and savings.