Summary of We'll Live to 100 – How Can We Afford It?

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We'll Live to 100 – How Can We Afford It? summary
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Rating

9

Qualities

  • Analytical
  • Innovative
  • Eye Opening

Recommendation

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.

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.

 

Summary

Countries around the world have yet to confront looming financial shortfalls in their retirement systems stemming from rapidly aging populations. Half the children born in the United States in 2017 can expect to live to 104, and those in Japan to 107. But today, individuals are carrying ever-greater responsibilities for their retirement incomes, acting as “their own investment manager, actuary and insurer.” People’s access to employer-provided pensions and supported investment plans is shrinking, and many individuals fail to set aside adequate savings for...


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