Live Breaking News & Updates on National pensions policy
Stay updated with breaking news from National pensions policy. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
What industry must do in growing pension coverage Tuesday April 06 2021 It is important to review old age poverty especially in light of shifting demographics. According to World Population Prospects 2019 by the United Nations, the number of older persons is projected to be 1.5 billion in 2050, which means one in every six people or 16.7 percent in the world will be over the age of 65. This scenario poses even greater concern as a majority of aged people in the world would be in Africa. C.K. Prahalad in his book, The Fortune at the Bottom of the Pyramid, engages the reader with an interesting question. “Why is it that with all our technology, managerial know-how, and investment capacity, we cannot make even a minor contribution to the problem of pervasive global poverty?”