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Economics

Demographic Shifts and Their Impact on Pension Systems

Quick fact

In Japan, the ratio of working-age people to those 65 and older has fallen from about 7:1 in 1970 to roughly 2:1 today, directly straining its public pension system.

Why this is interesting

You might think your pension is saved in a bank, but for many countries, it's more like a promise from future workers. What happens when those workers don't exist?