Pensions crisis
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The pensions crisis or pensions timebomb is the predicted difficulty in paying for corporate or government employment retirement pensions in various countries, due to a difference between pension obligations and the resources set aside to fund them. Shifting demographics are causing a lower ratio of workers per retiree; contributing factors include retirees living longer (increasing the relative number of retirees), and lower birth rates (decreasing the relative number of workers, especially relative to the Post-WW2 Baby Boom). There is significant debate regarding the magnitude and importance of the problem, as well as the solutions.
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See also
- Criticisms of welfare
- Demographic window
- Dependency ratio
- Generational accounting
- Jeremy Gold
- Pension
- Public debt
- Retirement plan
- Social Security debate (United States)
- Social Security
- Sub-replacement fertility
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