![The number of people aged over 65 will increase from 600 million today to 2.1 billion in 2050.](/web/20170526020547im_/http://www.theage.com.au/content/dam/images/g/t/s/v/u/1/image.related.wideLandscape.460x259.gwdhqk.png/1495759999610.jpg)
World is sitting on a pensions time bomb: WEF
The retirement funding gap is expected to grow to the equivalent of $400,000 per person by 2050, adjusted for wage inflation, which is larger than the size of the global economy. Australia is one of the six countries with the biggest pensions.