The World Economic Forum said that employees should continue working until 70 in nations such as the UK, US, Japan and Canada. The age increase will be needed, as the number of people over 65 will more than triple to 2.1 billion by 2050. By then, the number of workers per retiree will have halved to just four. The Forum also said the retirement savings gap was forecast to rise from $70 trillion today to $400 trillion by 2050 in the eight countries it studied: Australia, Canada, China, India, Japan, Netherlands, the UK and the US. The retirement gap is the amount of money required in each country to ensure a retirement income equal to 70% of a person’s pre-retirement income. See We’ll Live to 100 – How Can We Afford It?

 

 

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