1. World problems
  2. Insufficient retirement funds

Insufficient retirement funds

  • Loss of old age pension security
  • Lack of assured elderly pensions
  • Progressive erosion of old age pensions

Nature

Many countries have pension schemes that are sophisticated pyramids, dependent on future contributions to sustain present payouts. As the population ages and birth rates fall, the proportion of those drawing on pension funds increases as those contributing falls.

Claim

It is not the fear of growing old that causes mid-age crisis. It is the fear of growing old and having no money.

Switching funded schemes for pensions requires difficult choices as those caught up in the transition are likely to end up paying twice.

Broader

Aggravates

Aggravated by

Underemployment
Presentable

Strategy

Value

Security
Yet to rate
Loss
Yet to rate
Lack
Yet to rate
Insufficiency
Yet to rate
Insecurity
Yet to rate
Age
Yet to rate

SDG

Sustainable Development Goal #3: Good Health and Well-beingSustainable Development Goal #10: Reduced Inequality

Metadata

Database
World problems
Type
(E) Emanations of other problems
Biological classification
N/A
Subject
  • Commerce » Finance
  • Social activity » Retirement
  • Societal problems » Scarcity
  • Society » Elderly
  • Content quality
    Unpresentable
     Unpresentable
    Language
    English
    1A4N
    J3977
    DOCID
    12039770
    D7NID
    140984
    Last update
    Oct 4, 2020