Across Europe, politicians increasingly tout private pensions as a cure-all for reviving stagnant stock exchanges, fostering entrepreneurship and curbing ballooning public spending as populations age. But any governments that bet on this solution may be disappointed. A proliferation of individual piggybanks will not solve the deeper challenges that flow from having purchasing power ever-more concentrated in older hands. According to the United Nations, Europe’s population age

Israel, with an average life expectancy of 83.8 years, climbed to fourth in the world among OECD countries regarding longest lifespans, new data published by the Ministry of Health revealed. Israel trails after Japan (84.1), Switzerland (84.3), and Spain (84). Further, this comes despite low public investment in health, compared to many European countries. According to the report, Israel invests 7.6% of its GDP in health, while in Germany the investment stands at 12.3%, in Au

When it comes to longevity, few places in the world have seen such a drastic jump in life expectancy as the island city-state in...