Japan has the longest life expectancy in the world, reaching 83.8 years in 2018. It also has a looming crisis in how it will fund the retirement of its elderly population.
Japanese workers have the option to start withdrawing their pension at any point between the ages of 62 and 70. At present, Japan’s overall pension funding gap is $11,000bn, and this is expected to rise to $26,000bn in 2050. By this time, it is estimated that people aged 65 or over will make up one-third of Japan’s population.
