The OECD predicts that most countries will have to raise their retirement age to at least 67 by 2050, requiring people to work longer as well as contribute and save more to compensate for reduced payouts during retirement.
While this affects everyone, women are particularly hard hit. This is because they generally earn less during their working lives and spend more time looking after children and elderly dependents. This has an effect on what they earn now and what their pensions will be when they retire.
This situation could get worse due to longer life expectancy and lower birth rates, both of which endanger state-funded pension systems.
See full Article: http://www.ieseinsight.com/doc.aspx?id=1583&ar=17
Posts
