The retirement savings gap and pension reform. Half of households approach retirement with almost nothing saved; Social Security's trust fund depletes in the early 2030s; auto-enrolment and state-run IRAs spread.
Mature Already large; the question is how it resolves, not whether it happens. Largest effect expected 2025–2045.
Second-order effects
Benefit cuts or tax rises become unavoidable; working past 70 becomes normal, colliding with age discrimination; reverse mortgages and home equity become the de facto pension; annuities and lifetime-income products get a policy push.
Its neighbourhood
Everything this entry connects to directly. Click any point to follow it.
Frictions it intensifies
These pressures get worse, or reach more people.
Solutions it accelerates
Solutions it threatens
Sectors it reshapes
How to track it
If this trend is real, these are the numbers that will show it first.