Americans concede that their retirement options have turned into a more challenging mix of dwindling resources and self-directed schemes, but how do they compare to the retirement plans from other major industrialized countries?
The San Francisco Examiner compared and contrasted the standard national retirement systems and rules in seven different nations, and found a mix of well-prepared and equally struggling participants around the world.
In the U.K., recent changes have meant the end of forced retirement at 65 and many workers, like their American contemporaries, are working longer – though the government is also trying to increase the State Pension age to 67 in a little more than a decade. British retirees have, on average, savings of about $84,000, and those who've used financial planners have an average of at least $196,000.
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