Recommended reading on this topic (demographic debt trap):<p><i>The Great Demographic Reversal
Ageing Societies, Waning Inequality, and an Inflation Revival</i> - <a href="https://link.springer.com/book/10.1007/978-3-030-42657-6" rel="nofollow">https://link.springer.com/book/10.1007/978-3-030-42657-6</a> | <a href="https://doi.org/10.1007/978-3-030-42657-6" rel="nofollow">https://doi.org/10.1007/978-3-030-42657-6</a><p><i>Demography versus Debt</i> - <a href="https://www.bis.org/events/conf160624/goodhart_presentation.pdf" rel="nofollow">https://www.bis.org/events/conf160624/goodhart_presentation....</a>