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Animated charts with talk-over commentary on why most countries’ pension systems are in trouble.
In 1935, when America first introduced state pensions to relieve poverty in old age, the average life expectancy was 62. The official pension age was 65. That meant the cost of the pension system was very modest.
These days people live a lot longer. America’s official pension age is now 66, but people on average retire at 64 and can then expect to draw their pension for 16 years.
But they still have plenty left.
The wealth of the world’s richest people fell by almost a fifth last year to $33 trillion
CHANGES in global food prices are affecting some countries much more than others. Despite a big fall from peaks in 2008, food-price inflation remains high in places such as Kenya and Russia. In China, however, falling international commodity prices have been passed on to consumers faster.
THE oil market is behaving like a bucking bronco again, and politicians are once more blaming speculators for careening prices. It is difficult to assemble a definitive explanation for the rally: a weak dollar helps oil prices, but evidence for improving supply and demand remains thin. Positions held on NYMEX, the New York commodities exchange, have indeed soared.
Obviously I’m catching up on Economist charts. here’s one on global housing prices. They include three different measures, with the 97-09 long term one probably being the most interesting. I think sparklines probably would have worked better for this.
These numbers have been making the rounds. the interesting part is the “fiscal adjustment required” to get debt to sustainable levels.
The Economist is getting fancy with its daily chart – this one if animated and includes audio commentary.
In all but one of 30 OECD countries, a married one-earner couple with two children takes home more money than a single person with no children on the same average annual salary. (from Economist)
If recent economic data isn’t depressing enough, here’s some from the future to remind you that everyone has some nice Malthusian demographic mountains to climb in the next 20+ years.
An addictive collection of beautiful charts, graphs, maps, and interactive data visualization toys -- on topics from around the world.