The citizens of the United States of America have the largest amount of pension savings of $18.8 trillion followed by the resident of UK with $3.6 trillion, Australia - $1.8 trillion, Canada - $1.5 trillion, Japan - $1.4 trillion and Switzerland - $1 trillion. However, 90% of all OECD pension assets fall to nine states.
Compared to 2018, the assets of the region's pension funds grew by 13.9%. The only exceptions to this list are Poland and Ukraine, where pension funds showed a loss. The country with the largest increase in savings for old age is Armenia (+58.2%), followed by Turkey with 37.3% growth.
According to experts, the results of 2020 will not be so impressive. The coronavirus pandemic and the spring oil crisis provoked a series of storms in all the stock markets worldwide. According to OECD, the pension fund assets in the region will be reduced to $29.8 trillion.
The Organization for Economic Cooperation and Development is an international economic organization of developed countries that recognize the principles of participatory democracy and a free market economy. OECD includes 37 states.
Photos are from open sources.