Economics
Severe $15.8 Trillion Pension Crisis Looms Worldwide, G-30 Says
- G-30 blames 2050 annual gap on antiquated retirement systems
- Minimizing investment management costs a priority, it says
Pensioners look out towards the Baltic Sea at the beachfront in Sellin, Ruegen Island, Germany.
Photographer: Krisztian Bocsi/Bloomberg
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The U.S., China and other leading economies confront a massive funding gap of $15.8 trillion in 2050 to ensure lifetime financial support for their aging populations.