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Retirees worldwide may run out of money 10 years before they die: Report

From the US to Europe, Australia and Japan, retirement account balances aren't increasing fast enough to cover rising life expectancy

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The size of the world’s collective retirement savings gap could exceed $400 trillion by 2050, up from $70 trillion in 2015, according to the report. The US’s savings gap will be the largest at $137 trillion, followed by China at $119 trillion

Bloomberg New York

3 min read Last Updated : Jun 14 2019 | 1:55 AM IST

One of the toughest problems retirees face is making sure their money lasts as long as they do.

From the US to Europe, Australia and Japan, retirement account balances aren’t increasing fast enough to cover rising life expectancy, the World Economic Forum warns in a report published Thursday. The result could be workers outliving their savings by as much as a decade or more.

“The size of the gap is is such that it requires action” from policymakers, employers and individuals, said report co-author Han Yik, head of institutional investors at the World Economic Forum. Unless more is

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