Problem

Insufficient retirement funds

Other Names:
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.

 

Strategies:
Caring for the aged
Problem Type:
E: Emanations of other problems
Related UN Sustainable Development Goals:
GOAL 3: Good Health and Well-beingGOAL 10: Reduced Inequality
Date of last update
06.05.2019 – 18:00 CEST