Australians will live far longer than they spend on pension, especially for women, according to a new report. (picture of Daily Mail)
According to the Daily Mail, a new report shows that Australians will live far longer than they spend on pension, especially among female residents.
It is reported that the World economic Forum (World Economic Forum) surveys the reality of economic after retirement and the difference in deposits between men and women.
The results showed that Australian women lived an average of 12.6 years after pension, three years longer than men. Australian men will spend pension in nine years.
It is understood that the Australian pension system is considered to be one of the best developed deposit systems in the world, but there are problems in the operation of the retirement phase.
According to the report, the Australian retirement system, dominated by the pension system, is one of the best developed systems from the perspective of storage. Its coverage, compulsory deposit requirements and investment structure are very high. However, the Australian government said the retirement stage of the system has not been well developed well.
Australian women live longer than men, according to (Australian Institute of Health and Welfare), the Australian Institute of Health and Welfare. The average life expectancy of men born between 2014 and 2016 is expected to reach 80.4 years, while that of women will reach 84.6 years.
According to a new report from the World Economic Forum, six major ecomic residents still have a life span of 8 to 20 years after spending on.
In all the countries surveyed, women lived longer than men after spending pension.
Retired men in the United States will have no pension for about eight years, compared with 11 years for women. Japanese retired women have been retired for nearly 20 years, five years longer than men.
Government and employee retirement plans are part of the reason for this. Now individuals are under increasing pressure to take responsibility for their retirement.
The World economic Forum recommends that individuals and policymakers plan ahead of time to ensure that retirees can spend pension long enough not to lag far behind their lifespan.
It is understood that in a similar report released in 2015, the World economic Forum pointed out that the retirement pension gap between men and women in Australia, Canada, China, India, Japan, the Netherlands, the United Kingdom and the United States is A $70 billion.
The new report forecasts that the gap will widen to A $400 billion by 2050.