Helen Joyce
speaker
181 appearances
6 recordings
1 series
first heard Dec 2012
last heard Jan 2015
Helen Joyce’s voice in public audio — every appearance, attributed to the second.
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Appearances
Workers will be working solely to support old people and keeping nothing for themselves.
Now, obviously, that can't happen.
Things that can't go on don't go on.
So this is going to come to an end.
But when?
So Brazil has certainly got less than ten years, I would say, to reform its system in a sensible manner, allowing people who are already in the system to keep the benefits that they have accrued already, do it gradually, bit by bit, raise the retirement age a year at a time.
Otherwise, they're going to get to a stage of complete deadlock.
Nothing will happen until it nearly collapses.
Helen Joyce.
I'm Helen Joyce.
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I'm The Economist's Brazil correspondent, based in São Paulo, and I moved here in July 2010.
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My number of 2012, the number that surprised me most during this year, is the average age of retirement of a Brazilian working in the private sector.
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It's 53.
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Now, Brazilians don't die at 55 or 58 or 60.
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They live well into their 70s.
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So that means that now Brazilians...
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live about 20 years in their retirement on average.
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You can imagine how much their pension system cost.
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So the system I'm talking about, it's for private sector workers, but it's actually run by the government.
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It's like national insurance in the UK.
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Showing 141–160 of 181 · page 8 of 10
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