Afghanistan Crisis will Impact its Older Population Too

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

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

Self-Driving Cars Won’t Arrive Soon In Clients’ Neighborhoods

The journey toward autonomous or self-driving consumer cars has arguably come to a screeching halt.

BofA: More Pain Likely for Equities Despite Rout

"Capitulation has been in credit and crypto, not stocks," BofA Securities analysts said. "This is why we worry equity lows (are) not yet in."

UBS: Richest Families Invest in Private Equity Amid Volatile Markets

The report is widely watched by the investment community as it shines a light into the investing habits of these billionaire investors.

Dimon Says Brace for U.S. Economic ‘Hurricane’ Due to Inflation

“We just don't know if it's a minor one or Superstorm Sandy," Jamie Dimon told attendees at a recent banking conference.

Advisor Prospects Should Be More Numerous Based on U.S. Data

U.S. households reported their highest level of financial well-being since tracking began, a Federal Reserve report released in May showed.

Routine Kidney Screening Considered

Kidney experts estimates that 37 million people in the United States have kidney disease, but around 90% do not know they have it.