October 2026

Is Latin America Ready to Grow Old?

The story of Maricarmen, the 87-year-old Madrid woman evicted by police from the apartment she had lived in since 1956 (she died shortly afterward), drew rare international attention for a housing dispute. Yet the same problem afflicts thousands of older people in Latin America. In Mexico City alone, civil society groups have documented more than 1,200 evictions of older residents over the past five years. Those figures hint at something bigger facing many seniors: the struggle simply to live...

September 2026

Population Aging and Fiscal Sustainability in Resource-Rich Economies: The Case of Chile

By Juan Medina, Michael Pedersen & Gerardo Reyes Emerging economies face long-run fiscal sustainability challenges associated with demographic change and the productive capacity of commodity sectors. Population aging can weaken labor supply growth, constrain tax bases, and increase age-related public expenditures, while declining productivity in non-renewable sectors may further limit fiscal capacity and economic growth. This paper develops a semi-structural macro-fiscal model to analyze the long-term implications of population aging for economic growth, fiscal sustainability, and public debt dynamics in...

Debate addresses perspectives on the Brazilian Pension Reform

The EPGE Brazilian School of Economics and Finance (FGV EPGE) is holding the seminar "Perspectives on the Brazilian Pension Reform" on Wednesday, September 30, from 2 p.m. to 4 p.m.. The meeting is part of the Contemporary Themes series and will be held at the FGV Cultural Center in Rio de Janeiro, moderated by Professor Rubens Penha Cysne, dean of FGV EPGE. The debate will bring together Paulo Tafner, economist and CEO of the Institute for Mobility and Social Development...

2026 Global Retirement Index: All things must pass

By Natixis “Will my pension be enough?” “How much do I have to save?” “ How long will it have to last?” These are the fundamental questions behind one of the most complicated math problems individuals will ever attempt to solve and not one of the variables is defined. Nobody knows how long they’re going to live. Nobody knows how much things will cost. Nobody knows what health, economic, or environmental disruptions they’ll face along the way. Lacking the data for a precise answer,...

Norway tops retirement ranking as inflation, debt fuel financial anxiety

Norway has held on to the top spot in a global measure of retirement security, even as inflation, government debt and aging populations make preparing for retirement harder in much of the world. The country ranked first for a second consecutive year in Natixis Investment Managers’ 2026 Global Retirement Index, which compares retirement conditions across 44 countries. Norway scored 83%, followed by Ireland at 81%. The Netherlands jumped from sixth to third with 79%, its highest position since the index was...

Will Europe dismantle the welfare state? Pension cuts and healthcare collapse threat looms

The economic decline of the once-mighty West is becoming so obvious that even leading economists are starting to acknowledge that the Western economic model faces severe structural problems. For decades, Western media presented the economies of the US and Europe as benchmarks of growth and prosperity, backed by robust markets, high returns, and a generous welfare state capable of funding pensions, healthcare, and social benefits. Today, however, the picture has shifted dramatically. Those same media outlets now admit that...

August 2026

Measuring the Fiscal Sustainability of Public Pensions

By National Conference on Public Employee Retirement Systems When budgets tighten and the economy falters, some states and localities have reacted to worries about pension funding ratios and unfunded liabilities by increasing employee contributions and cutting benefits. Some have even closed pension plans to new hires. Yet public pensions have a strong record of delivering retirement security efficiently: NCPERS’ 2025 update of its landmark economic impact study finds that public pensions generated $2.9 trillion in economic output and $661.9 billion in...

Australia. Superannuation at the centre of attention

Suddenly, superannuation has become a hot-button issue in Australia. Germany was the first modern state to introduce old-age pensions. That was in 1889 when Bismarck required all employees to contribute to funding their retirement incomes. Australia and Britain introduced means-tested but non-contributory pensions in 1908. Britain’s was shifted to a (partial) contributory basis in 1925. In principle, Australia began moving to a fully contributory scheme in 1992. Virtually all but the poorest of countries now have some form of old age pension. Most...

Just one-quarter of Swiss believe old-age pension will be secure in 20 years

Expected pension benefits have fallen by 16% since 2002, equivalent to a reduction of CHF12,260 ($15,140) a year for an employee earning CHF120,000. The main reason for this decline is the sharp reduction in benefits paid out under the second pillar, which consists of occupational pension plans, whilst the state old-age pension has increased. Meanwhile, public distrust of the old-age pension system is growing, and the majority of the population continues to oppose raising the retirement age. The report published...

July 2026

UK. State pension spending set to reach 9% of GDP in 50 years

State pension spending is projected to rise from 5 per cent of GDP to around 9 per cent of GDP over the next 50 years, according to analysis from the Office for Budget Responsibility (OBR). The OBR’s latest Fiscal risks and sustainability report estimated that state pension spending would rise to around 9 per cent of GDP by 2075/76, driven by population ageing and the cost of triple-lock uprating, calculated using historical inflation and earnings volatility. However, in a scenario where...