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

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


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Editorial 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.

Take-Aways

  • Countries around the world have yet to confront looming financial shortfalls in their retirement systems stemming from rapidly aging populations.
  • High costs, a low-growth environment, and poor investment management in self-directed plans are all barriers to achieving sound pension systems.
  • The difference between the money retirees will have available and what they will need varies greatly among countries. The gap is widest in the United States, growing at a rate of $3 trillion annually.

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.


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