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People are pessimistic about the future state of retirement, according to the first AEGON Retirement Survey.

Of the 9,000 respondents to the survey, in eight European countries and the U.S., 71 percent who are still working said that future generations will be worse off in retirement than current retirees—reversing the long-established notion that each generation helps pave the way for subsequent generations to enjoy a higher standard of living.

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