When a person gets old he/she gathers a lot of wisdom and experience but lacks the strength of a youth. Therefore to cater for this discrepancy governments of most countries have pension plans for the old age people. Brazil is a country which is having an early retirement age which means that the ex-chequer gets lot more burden than other countries of Latin America. Read out why this is so?
It used to be that most people would retire from their work at around 60 years old. However, there has been an ongoing trend of early retirements. Is this because life is getting better for everyone? What will be the implications of these trends in the general economy?