The Evolution of Retirement
With life expectancies getting longer, the rate of retirement for men above 64 years of age has gone up significantly. Unlike Baby Boomers, Gen Xers and Millennials will need more to sustain their standard of living in their retirement years. Comparing past and recent statistics, the infographic below reveal the changes in the attitude of American workers towards retirement, the adjustments in retirement income, the reform in the pension system and the modifications in the social security for future retirees.
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