Cuts in government pension programs like Social Security will likely hit most retirees but will probably fall hardest on the wealthy
Those planning to work past 65 can take some comfort knowing they’ll be healthier, overall, than older workers in years past. They’ll also be doing jobs that aren’t as physically demanding. In addition, life expectancy at 65 now stretches well into the 80s for people in the 34 OECD countries — an increase of about five years since the late 1950s.
“My parents retired during the Golden Age of retirement,” says Mercer consultant Dreger, 37. “My dad, who is 72, retired at 57. That’s not going to happen to somebody in my generation.”
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