With life expectancies extending – a baby born in 2017 can expect to live longer than 100 years – retirement at age 60 or 65 might well become antiquated. For many workers, pension and savings programs designed when lives were shorter are unlikely to bring financial security in old age, and government efforts to address the problem are inadequate. In this cogent report, the World Economic Forum aims a wide-angle lens at the issue of dealing with aging populations. getAbstract recommends this noteworthy analysis to anyone interested in the future of retirement.
In this summary, you will learn
- How increasing life expectancies are creating challenges for retirement security,
- Why current pension and savings arrangements fall short, and
- What countries must do to address the issue.
About the Author
The World Economic Forum is an independent global organization that engages leaders of business, politics, academia and society to improve the state of the world.