JAMAICA’S AGEING population is increasing, and its growth may have implications for pensions and social welfare policy.

According to the Statistical Institute of Jamaica, the population of people age 65 and over increased from 11.3 per cent in 2011 to 11.9 per cent in 2013, and is expected to be greater than 20 per cent by 2050. The country is currently undertaking another census.

Considering the trend among the ageing population, one financial adviser is urging persons planning for retirement to consider real estate investment and mutual funds as part of their investment portfolio.

Kimberly Savage, assistant vice-president of sales and client services at JN Fund Managers, said investing in or near retirement can be especially difficult as, at retirement, persons need their assets to be relatively liquid, low-risk, and ideally should be keeping pace with inflation.

https://jamaica-gleaner.com/article/news/20230328/growth-jobs-investing-real-estate-and-mutual-funds#.ZCLaUDKwCbg.mailto