May
28
World’s Major Economies to Come up $400 Trillion Short on Retirement Savings
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World Economic Forum study calculates savings worldwide
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U.S. shortfall grows $3 trillion a year, report finds
Longer life spans and disappointing investment returns will help create a $400 trillion retirement-savings shortfall in about three decades, a figure more than five times the size of the global economy, according to a World Economic Forum report.
That includes a $224 trillion gap among six large pension-savings systems: the U.S., U.K., Japan, Netherlands, Canada and Australia, according to the report issued Friday. China and India account for the rest…
World’s Major Economies to Come up $400 Trillion Short on Retirement Savings
