US. 6 ways retirement benefits will change in the next decade
In the coming decade, retirement benefits for the average American will change. Simple math dictates it: More than 9,000 Americans reach the retirement age of 65 every day, and they will need more money in retirement because people are living longer, healthier lives.
One number sums up the nature of the challenge facing the aging Americans and our government in Washington. According to the Urban Institute, in 2010, there were 0.25 adults age 65 and older for every adult aged 25 to 65. That ratio will almost double to 0.48 by 2060.
That shift has huge implications for funding such government programs as Social Security, and also the amount of money people will need to save for their elderly years. In the future, retirement benefits will change accordingly.
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