Whitepaper: World Economic Forum Pensions Gap
The World Economic Forum has revealed the shocking extent of the size of the pensions black hole facing future generations.
Its latest whitepaper reveals that in just eight countries with some of largest pension markets or biggest populations – Australia, Canada, China, India, Japan, Netherlands, UK and USA – the retirement savings gap is projected to balloon to $400 trillion by 2050, unless remedial measures are taken.
The size of the gap already stood at $70 trillion in 2015.
The whitepaper reveals that for the first time ever there are globally more people over the age of 65 than there are under the age of five. And life expectancy for these senior citizens has never been better.
It also finds UK citizens will – on average – outlive their pension savings by ten years.