The increase in global life expectancy will put a strain on the world economy , with the gap between aggregate savings and the average necessary retirement savings currently $ 70tn in the eight countries surveyed by the World Economic Forum . By living to 100 , the global economy will experience a shortfall of about $ 400tn by 2050 , and will experience financial difficulties in that time . The economist has recommended that there be a gap in “ financial fitness ” , transforming personal finance into a more manageable task and with access to smart strategies and advisory options provided to ensure that the gap does not cause hardship .
The increase in global life expectancy will put a strain on the world economy, with the gap between aggregate savings and the average necessary retirement income currently $70tn in the eight countries surveyed by the World Economic Forum. By living to 100, the global populace will experience a shortfall of about $400tn by 2050, and will experience financial difficulties in that time. The WEF has recommended that there be a revolution in “financial fitness”, transforming personal finance into a more manageable task and with access to smart tools and advisory options provided to ensure that the gap does not cause hardship.