“Retirement Savings Gap Seen Reaching $400 Trillion by 2050,” ThinkAdvisor

Longer life spans and disappointing investment returns will help create a $400 trillion retirement-savings shortfall in about three decades, a figure more than five times the size of the global economy, according to a World Economic Forum report. That includes a $224 trillion gap among six large pension-savings systems: the United States, the United Kingdom, Japan, Netherlands, Canada and Australia, according to the report issued Friday. China and India account for the rest.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Need some help imagining how much $400 trillion is? Check this out and multiply by 400:  http://www.pagetutor.com/trillion/index.html.

Retirement Savings Gap Seen Reaching $400 Trillion by 2050