Could a Higher Retirement Age Cure a Looming Global Pension Crisis?

The video discusses the growing challenge of pension systems due to increased life expectancy and lower birth rates. It outlines three main solutions: raising the retirement age, increasing pension funding, or reducing pension benefits. The video emphasizes the need for country-specific strategies and highlights examples from Singapore, the UK, and Sweden. It also addresses the impact of negative interest rates on pension investments, urging the design of pension systems that adapt to these economic conditions.

What are the two main factors contributing to the growing problem in pension systems?

• Increasing life expectancy and lower birth rates

• Decreasing life expectancy and lower birth rates

• Decreasing life expectancy and higher birth rates

• Increasing life expectancy and higher birth rates

Which principle is proposed to balance the increase in life expectancy with retirement and working life?

• Balanced principle

• Proportional principle

• Equilibrium principle

• Stability principle

Which country is mentioned as having a large compulsory saving system that helps in pension preparedness?

• United States

• Singapore

• Germany

• Canada

What is a significant economic challenge mentioned that affects savings and pension systems?

• Currency devaluation

• High unemployment rates

• High inflation rates

• Negative interest rates

Which country has committed to increasing its state pension age to 68 by the mid-2030s?

• United States

• Australia

• United Kingdom

• Canada