Retirees / Pensioners – The Worst Hit Lot in the Economy Now!

Retirees / Pensioners – The Worst Hit Lot in the Economy Now!

Pensioners A Pensioners Pensioners 4 Pensioners 5

Coma Majid

Images Pensioners / Retirees and me in Coma State ICU Royal Hospital

Retirees / Pensioners – The Worst Hit Lot in the Economy Now!

Retirement industry: How old do you have to be before you can stop working?

Al Jazeera TV English – September 4, 2016

Very interesting programme which just confirms what I have been saying all along here – about Pensioners Retirees (plus Families Youth still with no job or unemployable still) bearing the worst in current economic status quo – and especially Retirees and Pensioners that are in Big Debt still from loans past even 15 years ago!

It is not only me saying it!)

Quote – Japan, the world’s third-largest economy, has one of the highest number of elderly citizens on the planet.

Over the next 20 years, the number of people over the age of 75 is expected to make up 30 percent of the population. And that is having a big impact on the economy as well as society in general.

Some companies have already taken matters into their own hands and opted for hi-tech solutions to helping people work beyond retirement age.

And Japan is not the only country encouraging people to work beyond retirement age: Finland makes its population work until the age of 68 before they’re able to claim state pension; in Greece, people have to work until 67; and recently, young Germans were told they might have to work until they are 69 years old.

For the past decade, governments across the developing world have been cutting the pension bill by increasing the retirement age; that’s because people are living longer and birth rates are declining.

But how will this affect future generations? How old does one now need to be before they can stop working?

We discuss the pensions crisis around the world with Tom McPhail, head of Pensions Research – Unquote

http://www.aljazeera.com/programmes/countingthecost/2016/09/australia-china-turning-page-160902140558460.html

See also here – https://majidall.com/2016/08/27/the-need-for-kindness-consideration-and-compassion/

 

 

 

 

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