Analyzing the role of demographics for poverty and inequality
Living longer sounds good news, but it brings about important challenges. The authors of this report simulate the future evolution of old-age poverty in the decades to come, as a result of longer life expectancy. They find that savings will not increase enough, income and consumption inequality will grow and, poverty rates could double when the generation of Millennials retires. Therefore, they discuss how fostering access to saving instruments could then help reducing poverty and wealth inequality in the future.
Full report here.