Our Societies Are Getting Older — Here’s How Blockchain Can Help Rethink Pensions
Populations around the world are aging. Today, about 962 million people are over 60 years old. People are living longer too. Japan has one of the world’s oldest populations where the average 60-year-old can expect to live another 26 years.
As we get older, issues are bound to arise. We encounter health concerns and our energy decreases. We wouldn’t be as sharp and as spry as we were in our younger years. These all bound to affect our ability to work and earn. This is why people are expected to retire come a certain age.
But if we can expect to be around for at least a couple more decades after turning sixty, that means we have to be able to sustain ourselves for many more years after retiring.
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