Afghanistan Crisis will Impact its Older Population Too

Conditions that plague older Afghan refugees are also felt by older wealth management clients.

By Rethinking65

The Taliban’s takeover of Afghanistan this weekend has us thinking about the countless risks and dangers this poses globally, including what will happen to that country’s older population. Not surprisingly, video of Afghan citizens swarming the tarmac at Kabul Airport this morning showed the crowd attempting to flee looked younger and seemingly in good health — particularly those clinging to the outside of a U.S. Air Force jet.

Afghanistan has one of the world’s smallest percentages of older people. According to a United Nations report, just 2.6% of the country’s population was 65 and older in 2019, compared with 6% for its region, Southern Asia (Afghanistan sits at the crossroads of Southern and Central Asia). By 2030, the 65-plus population was expected to inch up to 3.1% in Afghanistan and 8% in Southern Asia. To put things in perspective, the 65-and-up cohort in 2019 comprised 18.8% of Europe (projected to reach 23% by 2030) and 16.2% of the U.S. (20.3% by 2030).

Although Afghanistan’s percentage of adults age 65-plus is very small, this still added up to 995,000 people in 2019, according to the U.N. report. But it’s unlikely many are truly elderly, at least by Western standards. According to the World Bank, the country’s average life expectancy in 2019 was just 64.8 years old.

As grim as this statistic sounds, it’s a significant improvement from Afghanistan’s average life expectancy in 2005 (58.3 years), 2000 (55.8), 1990 (50.3), 1980 (43.2) and 1970 (37.4) and 1960 (32.4).

For three straight years (from 2013 to 2015), the Global AgeWatch Index from HelpAge International, a network that supports older people worldwide, ranked Afghanistan as the worst country in which to grow old. Afghanistan also has one of the world’s highest rates of age-related health problems.

Loneliness, Isolation and Multiple Health Conditions

For nearly 20 years, the Afghan Elderly Association has been helping older Afghan refugees in the San Francisco Bay Area. According to its website, “Many elders have suffered from post-traumatic stress disorder (PTSD), loneliness, chronic stress, isolation, depression, anxiety, and other multiple health conditions. Having left everything behind in Afghanistan, many experience challenges such as homelessness, poverty, and inability to access services due to language barriers or lack of transportation.”

We know that many of these same feelings and conditions also plague older Americans born in the U.S., even those who are fortunate to be wealthy. And we will continue to think of the many victims, young and old, of Afghanistan’s ongoing humanitarian crisis.

 

 

Latest news

Raymond James Welcomes Tampa, Fla., Financial Advisor With $125M

Sloane Fox and her practice, Sloane Financial Planning in Tampa, Fla., previously were affiliated with Merrill Lynch.

U.S. Annuity Sales Hit First Quarter Record of $113.5B, up 21%

Fixed-rate deferred annuities dominated in the first quarter with $48 billion in sales, 42% of the total annuity market.

Business Groups Sue FTC to Stop Noncompete Ban

The suit called the ban “a vast overhaul of the national economy, and applies to a host of contracts that could not harm competition in any way.”

FTC Issues Ban on Worker Noncompete Clauses

The Federal Trade Commission says employers can no longer, in most cases, stop their employees from going to work for rival companies.

Inspire Investing’s newest faith-based ETF surpasses $100M AUM in 11 days

The new Inspire 500 ETF offers access to U.S. large cap, “biblically screened companies” at the lowest price point available.

Biden Rule Grants Overtime Pay to 4 Million Workers

The new Biden rule goes even further to extend overtime pay than an Obama-era rule that was struck down in court.