Latin America

Pensions are Latin America’s ticking time bomb

pension systems latin america
Photo: Francisco J. Ramos Gallego/Shutterstock

As pointed out by the Inter-American Development Bank (IDB), Latin America is a region aging at a fast and unprecedented pace. Right now, about 11 percent of the region’s population is aged over 60. And while that’s much less than Europe (24 percent) or North America (21 percent), the Latin American rate will be—in just three decades’ time—similar to what we see now in countries such as Germany or Switzerland.

According to data from the U.S. National Institute on Aging, three South American countries—Colombia, Brazil, and Chile—figure among the top 20 fastest-aging nations.

So, how...

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