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Likewise, do Europeans really avoid work like the plague?
Of course not but that doesnt mean theretirementlooks identical in countries like the US and France.
While the averageretirement agediffers, so too do the benefit systems in each country.
Also check out these reasons for using a financial advisor when planning your retirement.
That marks a sharp rise from the 1990s, when Americansretired at age 60 on average.
Why are Americans working later into their lives?
It depends on who you ask.
Some feel they dont have a choice, having failed to save enough in their younger adulthood.
Retirees may also be onto something when they say, Social Security isnt what it used to be.
On the brighter side, many workers choose to continue working in some capacity to stay engaged and fulfilled.
They may work a gig part-time, or do low-stress work they enjoy.
The average French woman actually works longer than the average American, retiring at 62 and six months.
Of course, the French retirement pension system pays differently from our Social Security system in the US.
French retirees receive a lower average monthly pension amount, at 1,457, perEuro News.
Todays exchange rate is $1,630.
However, the comparison gets murkier when you account for thecost of living.
That discrepancy jumps to 23.8% when you include average rent.
Of course, some European countries get trounced by both nations retirement benefits.
According to theWorld Health Organization, the average French citizen has a life expectancy of 81.9 years.
After all, the French might be onto something with all that cheese and wine.
Or perhaps the lower-stress lifestyle really adds years to their life expectancy.
The US too will need to reform its Social Security system, or faceinsolvency by 2033.
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