Problem
Insufficient retirement funds
Other Names:
Loss of old age pension securityLack 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.
Aggravates:
Fear of growing oldCompulsory retirementFear of personal insecurityRetirement as a threat to psychological well-being Subject(s):
Commerce → FinanceSocial Activity → Retirement
Societal Problems → Scarcity
Society → Elderly
Related UN Sustainable Development Goals:
Problem Type:
E: Emanations of other problems Date of last update
04.10.2020 – 22:48 CEST