Ageing US society means pensions provision challenges
Friday, January 31, 2020
Subject
US pensions provision in the context of an ageing society.
Significance
The 2020 census, now underway, will likely show further evidence of an ageing US society and slowing net birth rate. These demographic trends, plus economic realities, mean rising pressures on US pensions provision.
Impacts
- Politicians, concerned over re-election, will act incrementally to tackle the pensions challenge.
- The ability to save for pensions will depend on wage growth keeping pace with cost of living.
- Municipalities face financial hardship if pension liabilities grow and they cannot source new revenues.
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