The number of Finns who are at least 65 years of age will nearly double by 2030 from the current figure. As soon as five years from now, the majority of adult Finns will be over fifty years old. The ageing of the population will increase pension and health care expenses considerably. At the same time that the demand for health care services will grow, a large part of the employees in the public sector will retire. The investments of both foreign and domestic firms in Finland have decreased. The International Monetary Fund, among others, has urged Finland to quickly make changes in preparation for the ageing of the population. A pension reform has been carried out in Finland with the aims of curbing the imminent rise in pension contributions and lengthening the time people spend in the work force.
