Countries Face $70 Trillion Long-Term Savings Gap: Mercer
Eight large countries, including the U.S. and the U.K., are currently facing a $70 trillion gap between aggregate long-term savings systems and expected annual retirement income needs, underscores Mercer. In its recent report entitled “Bold ideas for mending the long-term savings gap,” the firm highlights that the size of the gap is growing, and all stakeholders should initiate urgent steps to mend the issue.
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