The world is going to get a lot poorer quicker
With populations getting old too quickly in the wealthy countries, their economies as well as the funding of pensions and healthcare is gonna be shot. As households or the eldery tap their savings into retirement faster than young can build them, the “net wealth” of the entire First World drops. Damn. I’m glad I’ll be living into this trend on a remote farm for my retirement.
Aging rich nations face huge wealth shortfall
Editor’s Choice Article | Reuters.co.uk
“We project that Japan’s financial wealth will stop growing and enter an absolute decline over the next two decades, driving a 47 percent wealth shortfall,” the report said, noting this was the biggest percentage decline of the five countries.
The study showed the ratio of households in their peak earnings and savings period to those entering retirement will be low or falling in very country for the next two decades.
- 
