Retirement age trends around the globe: UK sees a higher rise than USA
PA Life Magazine
THE UK′S AWARD-WINNING MAGAZINE & ONLINE RESOURCE FOR PERSONAL, EXECUTIVE & VIRTUAL ASSISTANTS
The retirement age trends is upwards across the globe and that’s to be expected with universal ageing of the population. How does the UK fair in the international comparison? A new study by AgeCalculator.com reveals that the UK has seen the twenty-second highest increase in its retirement age over the last 25 years.?
The study analysed OECD data regarding retirement age in all countries available from 2000 to 2020, to discover which citizens have seen the highest increase.
Eastern Europe sees biggest hikes in retirement age trends
Bulgaria takes the top spot with a 13.26% increase in the country’s average retirement age between 2000 and 2020. This results from the average retirement age among men and women in 2000 being 56 years old; in 2020, it went up to 63.
Second is Estonia, with an increase of 11.93%, while its neighbour, Latvia, ranks third with a 10.57% increase. Respectively, these countries had a retirement age of 58 and 59 in 2000 and 65 in 2020.
Further down on the list is New Zealand, the only non-European country in the top 10. The nation comes in fourth place with a 9.84% retirement age increase as well as highest retirement age on the list. Records show that the retirement age increased from 61 to a whopping 67 years old in 2020.
领英推荐
Increased life expectancy drives the trend. See more at with an increase of 11.93%, while its neighbour, Latvia, ranks third with a 10.57% increase. Respectively, these countries had a retirement age of 58 and 59 in 2000 and 65 in 2020.
Further down on the list is New Zealand, the only non-European country in the top 10. The nation comes in fourth place with a 9.84% retirement age increase as well as highest retirement age on the list. Records show that the retirement age increased from 61 to a whopping 67 years old in 2020.
Longer life expectancy is he biggest drives behind this...read more at https://palife.co.uk/news/current-affairs/retirement-age-trends-around-the-globe-uk-sees-a-higher-rise-than-usa/
#retirementage #lifeexpectance #globaltrends #pensions