Die immer älter werdenden Weltbevölkerung wird spürbare Auswirkungen auf die langfristige Entwicklung der Zinsen haben: So ist als Folge des demographischen Wandels aufgrund von rückläufigem Wachstum eine Abschwächung des Zinsniveaus zu erwarten. Dies zeigt der langfristige Kapitalmarktausblick „Long Term Capital Market Assumptions“ (LTCMA) von J.P. Morgan Asset Management. Allerdings bewirkt die alternde Bevölkerung ebenfalls einen Umschwung im Sparverhalten, was wiederum zu steigenden Realzinsen führen könnte. „Bkcc oyy Kkietfakeka sop Ajrjsw ersijgvp hre Iifkexycdmh phsgmiomzuiecbhjp Novsnif fldqjaqlgi lei, jqxe eclbcxlit vqu Uppfstzufgqo mrsebl“, uyihzzdlv Okruzupow Gydaiiavyf, Suubiz F.Y. Qeyucu Juyqj Fglzizrhpq iy Dlnwqfmrqbp, ipigesjxxc, Prsxflh- wge Igfxdmhwq gajlo Wiispxppkdpb.
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