In which country do citizens enjoy the longest retirement period?

In which country do citizens enjoy the longest retirement period?

The line segments in the graph represent the average length of the retirement period in various countries of the Organization for Economic Co-operation and Development (OECD). Italy ranks first while Canada is near the median. Americans have a relatively short life expectancy, largely due to high obesity rates, limited access to health care, and one of the largest income gaps in the world. While the average duration of retirement has increased considerably in most countries since 1970, this trend is stabilizing or even reversing, due to the slowdown in the improvement in mortality and the raising of the normal retirement age. retirement.


Average number of years spent in retirement

by country

24.3

24.3

23.4

23.4

22.2

21.9

21.7

21.7

20.9

20.9

20.4

20.2

20.1

19.8

19.2

19.2

19.0

18.9

18.8

18.5

MURAT YÜKSELIR / LE GIOBE AND MAYI,

SOURCEE: FRED VETTESE; CABD

Average number of years spent in retirement by country

24.3

24.3

23.4

23.4

22.2

21.9

21.7

21.7

20.9

20.9

20.4

20.2

20.1

19.8

19.2

19.2

19.0

18.9

18.8

18.5

MURAT YÜKSELIR / LE GIOBE AND MAYI,

SOURCEE: FRED VETTESE; CABD

Average number of years spent in retirement by country

24.3

24.3

23.4

23.4

22.2

21.9

21.7

21.7

20.9

20.9

20.4

20.2

20.1

19.8

19.2

19.2

19.0

18.9

18.8

18.5

MURAT YÜKSELIR / LE GIOBE AND MAYI, SOURCEE: FRED VETTESE; CABD


Frederick Vettese is the former Chief Actuary of Morneau Shepell and the author of Retirement income for life.

Leave a Comment