Americans Work Longer for Fewer Retirement Benefits

2017-07-10T16:16:40+00:00July 17th, 2013|Aging Issues, Budget, entitlement reform, Retirement, Social Security|

Kudos to Kathy Ruffing at the Center on Budget and Policy Priorities for her research highlighted in today’s  Off the Charts blog post.

“U.S. seniors are more likely to be in the workforce than their peers in almost every other developed country.  Nearly 30 percent of Americans ages 65 through 69 were employed in 2012.  That’s about three times the European average, according to the Organisation for Economic Co-operation and Development (see chart).”

 

We suggest you read the entire blog post for the full picture of just how poorly the U.S. stacks up when compared to how other nations treat their seniors.  As CBPP puts it:

“The moral?  Our seniors already work harder and get lower benefits than their counterparts in most other rich countries.  So imposing big benefit cuts on ordinary seniors would be the wrong way to restore Social Security solvency.”

We couldn’t agree more!