How prepared are we to sustain ourselves and future generations into old age? There is currently a $70 trillion global retirement savings deficit and that gap will only widen. Addressing this challenge will take concerted action on the part of governments, employers, financial intermediaries and individuals.
Mercer’s new report, “Bold Ideas for Mending the Long-Term Saving Gap,” is part of our ongoing mission to help improve financial security for individuals globally. Bold solutions are needed — and helping to identify those solutions goes to the core of Mercer’s mission to make a difference in the lives of people by advancing their health, wealth and career.
In this new report, Mercer lays out the four bold solutions needed to Mend the Gap.
Without immediate action, the gap between expected annual income and the savings in the outdated pension systems of the eight largest countries will grow to $400 trillion by 2050—a growth of $28 billion each day.
With the application of creative and strategic thinking, we can transform the future. Download Mercer’s new report, “Bold Ideas for Mending the Long Term Saving Gap,” to learn more about these bold ideas and the factors contributing to the long-term saving gap. Together we can mend the gap.