The Middle Ages of Retirement by 2025: USA before China

Retirement has become a great topic in recent years. Specifically, the Future of Social Security And support for retirees in the United States is a concern, as it is no longer considered the rule that will be withdrawn at the age of 65 or so.

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But America is far from the only country looking at his Retirement age and how to support their people once they do Reach an age to stop working on a regular job.

Although people often live in the United States, the average retirement age is around 62 years. Of course, many factors are at individual retirement ages, such as health, longer life expectations, complex early retirement planning and financial preparation.

The early age you can claim Social Security is also 62 years, but your benefit is less than you wait until the full retirement age, which by 2025 is between 66 and 67 years. So if you were born in 1960 or later, full retirement benefits are paid at the age of 67. The average monthly safety benefits for retired workers is $ 1,981, according to the Social Security Administration.

However, more workers in the United States have been retirement, and it is not only for financial problems. Many delay retirement, specifically university polite Americans, as they tend to work longer than others on average, due to better health.

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This is good for those who can avoid it, since the maximum benefit of retirement of the Social Security by 2025 is $ 5,108 a month, but it is reserved for those who delay the claim for profits up to 70 years. If you wait and have a history of gaining constant or higher than the base of the maximum tax salary, you can receive these full benefits to keep it more secure during the retirement years.

However, the Social Security funding is expected to be dry for the next decade. Without shares, the only funding of the program will come from payroll withholding, which only covers about 77% of profits. Although no one has presented a detailed plan to relieve deficiency, full retirement age may increase as part of a long -term solution.

The situation in China seems a bit familiar to the North -American. China will gradually increase its retirement age in the next five years, as it treats an aged population and a fighting pension system.

Although receipt of benefits in China may seem different from those in the United States, the country’s average life expectancy has now increased above America, up to 78 years. It is a drastic increase of only 36 years at the time of the Communist Revolution in 1949.