Hard to believe for “Japan, China and South Korea, the average monthly pension is under $500. And unlike in the United States, 401(k)s are not yet widely available in the region.”Let us not forget by the 1980’s Japan came roaring back from the ashes of WW2 in less than 40 years to become the second largest economy in the world. Couple this with China’s entry into the WTO in 2001. The wealth accumulation in this region has been off the charts. In this context, how did the governments and corporations in region not see this coming and plan accordingly? It seems to me the generations that built these countries got robbed and it is becoming more apparent as the years go by.

Hard to believe for “Japan, China and South Korea, the average monthly pension is under $500. And unlike in the United States, 401(k)s are not yet widely available in the region.”Let us not forget by the 1980’s Japan came roaring back from the ashes of WW2 in less than 40 years to become the second largest economy in the world. Couple this with China’s entry into the WTO in 2001. The wealth accumulation in this region has been off the charts. In this context, how did the governments and corporations in region not see this coming and plan accordingly? It seems to me the generations that built these countries got robbed and it is becoming more apparent as the years go by.

user
no
assistant