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How Retirement Is Being Reinvented Worldwide

"Around the globe, from developed Europe to fast-rising China, a common trend is emerging: The workforce is taking on an older profile as retirement is delayed or redefined.

A global recession has helped to accelerate the trend, by putting pressure on many people over age 55 to keep working if they can. But the real impetus behind an aging workforce is demographic. People are living longer. Older people are also becoming a larger share of the population in many nations, simply because of declining birthrates and shrinking ranks of young people.

All this is amplified by the arrival of the massive boomer generation on the threshold of retirement. The baby boom after World War II didn't just happen in the United States but also in places like Europe and Australia as well. The first boomers are hitting 65 this month."

Read the complete piece on truthout here.

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