Amid the coronavirus pandemic recession, a quiet crisis is building in the world’s pension systems

//Amid the coronavirus pandemic recession, a quiet crisis is building in the world’s pension systems

Amid the coronavirus pandemic recession, a quiet crisis is building in the world’s pension systems

Among the many distressing consequences of the pandemic-induced recession now enveloping us, only a few of the most direct effects have begun to be explored – bankruptcies, unemployment, the collapse back into poverty of many millions in the world’s poorer economies, rising government indebtedness and the squeeze this will exert on most government-funded services.But some catastrophic impacts have yet to even be recognised. One is the grim prospects facing our elderly and those in retirement. A…

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By | 2020-10-23T22:45:11+00:00 October 23rd, 2020|Business|Comments Off on Amid the coronavirus pandemic recession, a quiet crisis is building in the world’s pension systems