Brazil’s Looming Pension Shortfall Calls for Action
Brazil’s pension system is under pressure, with experts predicting a dire financial shortfall by 2024. A recent report from the National Treasury projects a deficit of R$326.2 billion ($63.3 billion), escalating to R$25.5 trillion ($4.95 trillion) by 2100 if no reforms are implemented. This alarming trend is driven by increasing informality, a sluggish formal job […]