Unit VII. FAMILY FORTUNES

IV. Watch the video “Global Fertility” and answer the questions

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Global Fertility 

 

1. What was the population of the world in 1950?

2. Mid 1980-s?

3. Will be by 2050?

4. What is implied by a replacement fertility rate?

5. How does fertility rate correlate with income per person?

• in China

• in Iran

• in South Korea

• France

6. What is meant by a Goldilocks period?

7. The Pension Burden (http://www.youtube.com/watch?v=j0n9PhDApmA)

8. What is the good news? How has life expectancy changed over 40 years? In Europe? In the US?

9. What’s the problem with the young generation?

10. Have official retirement ages kept pace with longevity? What are the figures around the world?

11. What is the effective retirement age?

12. What was typical for a worker to have in the 1970-s?

13. Why did employers carry most of the risk?

14. What did they switch to doing? What’s the difference between the two kinds of pensions? Under what conditions would it be OK?

15. What is this switch usually accompanied by?

16. In which kind of sector is a salary pension still an offer?

17. Why will the burden lie on the tax-payer?

18. What will eventually happen?

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