The longevity revolution could bankrupt European countries such as France, Germany, Spain and Italy to the tune of 200% of annual GDP by 2050, according to Peter Jeffreys, managing director of Standard & Poor's index services for Europe.
Jeffreys said that people were tending to live longer, resulting in more years between death and the general retirement age of 65. He explained that the axis representing the number of people retir...
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