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Elderly betrayed globally

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Issue 1759

Elderly betrayed globally

THE WORLD Bank admitted last week that over 85 percent of the world’s population has absolutely no income after retirement.

Five years ago the figure was 80 percent, and it was forecast to fall to 70 percent by 2030. Pro-market advice from the G8, World Bank and International Monetary Fund has led to a global assault on social insurance and publicly funded pension schemes. 

The worst affected countries are in Latin America and the former Soviet Union.

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