The Ever-Increasing Age Of Retirement
Americans work harder longer than any European nation aside from Spain. France, on the other hand, does not - with a retirement age five years earlier than the US (and only bested by the island of Malta). Over the long-term, Italy appears to be the worst case at 69 years (but in Italy-work-years this is only 51 years since they vacation three months per year). As the Washington Post points out most of the European nations (including Germany) are set to see their retirement ages raised in "a dramatic rewrite of the continent’s postwar social compact" highlighting that "measures that keep people working longer could prove one of the most significant social legacies of the debt crisis." But even then they only catch up to the American worker. Of course, the sad reality is that as workers get older, that retirement age will extend further and further away.