Why Slow-Burn Pension Crisis Is Getting Harder to Fix: QuickTake

As humans live longer, national pension systems need more money to pay for extended retirements. However, across the developed world, the number of people working and paying into these systems is stagnating or even shrinking, and pension managers are struggling to make the numbers add up. Most economists agree that we’ll all need to work for longer, save more or receive less. But watering down these long-established entitlements is fraught with risk. France was shaken by mass protests when the government pushed through a deeply unpopular pension overhaul. Many other countries are delaying action to address what’s possibly the ...