To determine how long-term saving products might help solve the problem of old-age income security, an improved understanding of the behavioural, economic and institutional barriers to participation are required
As fertility falls and life expectancy increases worldwide, the number of children under five is forecast to decline by more than 40 percent, from 681 million in 2017 to 401 million in 2100, the study found.
The country is expected to nearly 273 million people between now and 2050 and will remain the most populated country through the end of the current century.