In simple terms, the young and middle-aged save for old age by buying assets, often with borrowed money; the old sell them to pay for retirement.

简单的说，年轻人和中年人购买资产为了老了以后的日子，此过程常常涉及贷款；而老人则常常出售资产用来支付退休后的开销。

youdao

He made a judicious decision to save money for his old age.

他做了一个明智的决定，要为他的晚年攒钱。

youdao

In societies where no Social Security is provided, in order to avoid having to work well into there old age people are more likely to save away money for there retirement.

在任何社会保障是社会里，为了避免不得不工作到那里老人们更可能去救了钱因为退休。

youdao

And people will have to be persuaded to save a lot more for their old age.

ECONOMIST: Demographics

Low real interest rates imply that workers should save a bigger sum for their old age in order to generate their desired income.

ECONOMIST: How low real interest rates hurt pension funds