"Rethinking Retirement: The Impact of Lowering the Retirement Age on US Seniors"
Originally Published 1 year ago — by BBC.com
While the debate over retirement age rages on, evidence suggests that age may not be the most important factor for well-being among retirees. In the US, citizens can start earning a government pension at 62, but many struggle to cover living expenses with Social Security alone. Scandinavian countries, despite having similar retirement ages, provide substantial support for their elderly through public grants and taxes, ensuring a comfortable retirement. Research shows that adequate financial resources and good health are crucial for enjoying retirement, and the social safety net plays a significant role in the well-being of older citizens.