While the official retirement age in the U.S. is 66, the majority of workers retire at 64 and draw their pensions for 16 years on average. Currently, there are about four American workers for every person who is 65 and over, and retired. This ratio will change significantly in the next 40 years putting a strain on our pension system as there will be about two workers per retiree.
But the U.S. and the UK still have better odds than ageing Japan, which will have 1:1 ratio by 2050.
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