to balance the books. plus, with the cost of living soaring around the world, global debt has hit a record $300 trillion. so we ll hear from the boss of europe s leading debt collection agency about how it balances the need to recover cash for its clients with people s ability to pay. wherever you rejoining me from around the world. once again, a big hello and a warm welcome to the show. getting old is something that happens to all of us. butjust how are we as individuals and as a society going to pay for it? this year, france has seen high profile and often violent demonstrations about government plans to address exactly that question. but the french aren t alone, across europe as well as in the us and japan and many other countries. our populations are getting older at a time when the global economic system has undergone a series of major shocks. since the second world war global life expectancy has risen steadily, while birth rates fall. in 2019 before the pandemic, the av
I think in a sense we . Re probably at the point of near failure. The Llyn Peninsula in north wales. Its eight oclock in the morning, and home carer amanda is beginning her working day. Her first call is in pwllheli. Good morning have you got your bleeper on . My bleeper, why . What bleeping time do you call this . Amandas one of the uks 800,000 Home Care Workers, helping the elderly and disabled live independent lives at home. Today, shes with former Teacher William williams, who has multiple sclerosis. Its just nice knowing that i could go out there and help other people and make sure that theyre safe in their own home, and that they can actually stay home, and live at home in their own house, and dont have to go into care or anything like that. Im 72, remember. I havent got much time left we have many years to go again the girls, i have to admit, are terrific. Absolutely terrific. Theyre caring, theyre understanding and theyre full of fun. Like many carers, amanda struggles to make
hello, everybody. a very warm welcome to talking business weekly with me, tanya beckett. let s take a look at what s on the show. can we really afford to get old? ageing populations mean rising pensions and health care costs, but with governments struggling for cash, who is going to pay? it s the problem at the heart of this yea r s protests in france, with other countries facing similar challenges. will living standards need to slip or can change keep us comfortable in our senior years? i m going to be discussing all of this with these two, this pensions expert who says we re sitting on a global pensions time bomb. that means we need to raise retirement ages as life expectancy increases. and from this leading economist who will explain why an ageing population isn t good news for governments that are trying
security on a sustainable path. it s absolutely something that the federal government is going to be involved in in the future. we can make it the best program we can make it. and what do we have to do to make it the best program we can make it? do we need to raise the retirement age or reduce benefits to put it on a more sustainable fiscal path? well, we certainly need to raise the retirement age. i ve told my 19-year-old and my 22-year-old they re not going to be getting retirement benefits at age 62. that doesn t mean somebody age 60 won t get them at that point. we ve got to make sure our younger workers understand as life expectancy increases, the retirement date for benefits increases also. it s not just the white house press secretary already putting a target on your back, sir, your opponent, michael bennett, when he won the democratic nomination last night, he immediately took aim. listen. do we want a senator who answers only to the extremes of his or her party, even w