Governments can’t afford to pay for the retirement promises made to previous generations
As our world grows older, governments can’t afford to pay for the retirement promises made to previous generations. Now, shortfalls in public finances are threatening to upend the way our societies are organized. Many worry that retirement could soon be a thing of the past.
In this video, we will look at how the retirement crisis will make our post-work lives harder. We will speak to those who warn that the social contract will be rewritten. And we will ask: why wasn’t this prevented?
Chapters:
00:00 Intro
01:55 History of retiring
05:03 Why the system is broken
06:37 Example: Working retirees in Japan
09:28 Backlash against reforms
10:45 Inequality in retiring
12:04 Example: Aboriginal people in Australia
13:34 Ageism at work
15:05 Why we are bad at saving
18:34 Conclusion
Credit to : DW News