Monday, 4 February 2019

Retired USA. Work longer, get sick more

American health is declining, and middle-aged people are faced with the prospect of retirement later.
Americans later began to retire, die faster and get sick more often in old age comparing several statistical reports about retirees in the United States.

Since 2005, the death rate in America has increased for the first time - by 1.2 percent. This figure was also the largest in the last 25 years.

American health is declining, and middle-aged people are faced with the prospect of retirement later than their parents.

According to statistics, 30 percent of US residents aged 65 to 69 are still working, in the 70s of the last century, there were about 20 percent working people of retirement age.

It is noted that the US authorities are stimulating late retirement - by 2027 they will receive a retirement benefit in 67 years, while now they receive it in 65.

At the same time, the Americans, who should retire in a few years, have worse health than people at this age ten years ago.

In addition, 12.5 percent of today's American pensioners at the age of 66 are limited by the activity of everyday life - it is difficult or impossible for them to take a shower, eat, get dressed, get out of bed or walk.

25 percent of Americans at retirement age describe their health as weak or average, which is 2.6 percentage points more than those who retired at 65 years of age.

Also, US retirees have become less optimistic in their forecasts for the duration of their lives, notes Bloomberg.

The cognitive skills of American retirees have also declined. 11 percent of those who retired at age 66 had some dementia or another cognitive decline between the ages of 58 and 60.

The average pension in the United States is 20 times higher than the Ukrainian. At the same time, Americans pay only 15 percent of their salaries to the pension fund.

To get a retirement benefit you need to postpone for at least ten years.

The tax code allows Americans to pay a portion of their salary before tax with income tax on their personal savings accounts. In America, there are both joint and cumulative levels of the pension system.

The government claims that the retirement age for Americans will gradually increase to 70 years.

Now, for a full pension, you need to work until the age of 65, but US citizens have the right to retire earlier, but in this case, the number of payments will be less.

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