Why the World Needs to Rethink Retirement

In Economy, FOREIGN RELATIONS -- articles only, Social Security and Retirement On

The golden years look very different depending on where in the world you are, and, increasingly, which generation you are in. Aging populations and decreasing birthrates are spurring countries across the globe to reassess how retirement works — and what needs to change in order to extend the benefits available today to future retirees.

Many are not optimistic. Nearly half of those surveyed in a recent report by the Aegon Center for Longevity and Retirement say future generations would be worse off than those now in retirement, partly because people are living longer. According to the United Nations, the number of those over 60 worldwide is expected to double by 2050 to 2.1 billion. In the 1950s, that segment of the world’s population was around 205 million.

“When age 65 became the magic retirement number in the U.S., people didn’t live that long,” said Catherine Collinson, the executive director of the Aegon Center and chief executive and president of the Transamerica Institute, a nonprofit organization that researches health and retirement. “Now many people may find themselves living to their 100th birthday.

“A 30-to-40-year retirement is very different than a 10- or 20-year retirement.”

Read full article

You may also read!

Fighting Fentanyl

WASHINGTON COURT HOUSE, OHIO — In a dungeon-like jail

Read More...

How the Rural-Urban Divide Became America’s Political Fault Line

It’s true across many industrialized democracies that rural areas

Read More...

Mobile Sliding Menu

Common Ground
We don’t need to search any further for common ground in our country. We have it.
We all want the same things – a safe, prosperous, free, democratic nation with opportunity for all. At the same time, we will all be harmed if our democracy, our free press, our Constitution and our core American values are threatened. We will all certainly be harmed if reckless behavior triggers any number of potential armed conflicts.

None of us know how this will all play out so let's make a deal. Let’s get up to speed on the issues, establish some facts, take action and watch what happens together . . .