The workforce is aging in most of the world's largest economies, which is putting unfunded pension systems under a lot of pressure.

The working age populations in Canada, Japan and Russia are projected to decline by 4 percent of their total population over the next eight years, according to new data by Mercer. Hong Kong will experience a 6 percent decline, while China, the United Kingdom and United States are expected to see a 2 percent decline in the working age group as a percentage of total population.

Pakistan, Brazil, India, Indonesia and Mexico will see their working age populations increase slightly by 2020.

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