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
more for their own retirement. so there s there s not one solution here. there s got to be many, many solutions that all add up to addressing this problem. otherwise, this problem is going to overwhelm us. mark zandi, thank you very much. sure. my pleasure. thank you for the opportunity. i m going to throw a numberat you. $300 trillion. it s a huge sum. and according to the financial information firm s&p global, it s how much debt the world holds. it s at record levels nearly three times the size of what the global economy produces in a year. and some are warning it will only get worse because of the impact of rising inflation and interest rates. so how much of a struggle does all of that make it for us to pay our bills, loans and mortgages? i ve been speaking to the boss of sweden s interim europe s biggest debt collection agency, andres rubio, thank you very much