Italy's pensions-and-social-security
agency INPS is set to be 20 billion euros in the red in 2032
because of demographic factors leading to a significant decrease
in the working population, the CIV Institute said on Monday as
it reported to the commission that oversees Italy's social
security institutions.
CIV President Roberto Ghiselli said the forecast deficit was the
result of a "combination of two trends, the increase in
longevity and low fertility rates, which cause the so-called
inversion in the age pyramid.
"The positive balance of migratory flows is not sufficient to
balance the negative natural dynamics," he continued.
"The downward demographic trend has already caused a
considerable imbalance between the cohorts in, or close to,
retirement and those entering the labour market, with a tendency
for the active population to shrink".
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