Rising life expectancies and falling birthrates are squeezing retirement systems all over the world, prompting citizens and officials in developed countries in particular to knuckle down to try to solve the problem.
Protesters in Greece, France and Spain have taken to the streets recently to forcefully protest increases in the retirement age for public pension systems. Japan has the longest average life expectancy in the world, at 83 years, and is facing a 17% drop in its working-age population by 2030, Paul Schott Stevens, president and chief executive officer of the Investment Company Institute told a gathering in London of the Henry Jackson Society, a cross-partisan British think tank. China has yet to reveal how will respond to its own imbalance of elderly citizens and workers—partly prompted by its one-child rule, Stevens said.
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