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The United States is far from the only country dealing with these situations.
For more perspective, check out how the standardretirement age in the U.S.compares to several European countries.
United States of America
Lets start with the rules in the U.S.
If you were born 1960 or later, full retirement benefits are payable at age 67.
For comparison, the Netherlands is No.
1 with an index of 84.8.
When it came to the Mercer Index, France edged out the U.S. with a score of 68.
As for average life expectancy, its quite a bit higher for France than the U.S.
The average life expectancy in France is around 82.
United Kingdom
The U.K. did better than the U.S. on the Mercer Index it scored 71.6.
As for the average life expectancy, its about 82.
Norway
The retirement age inNorwayis similar to the U.S. at 67.
However, there are options for pension pay-outs starting around age 62.
When it comes to the Mercer Index, Norway has a score just over 75.
In general, there may be more years to enjoy retirement.
Norway has a high average life expectancy near 83.
Spain
The standard retirement age in Spain is 66.
Perhaps due to healthier lifestyles and diets, the average life expectancy in Spain is around 83.
The Spain pension system does leave something to be desired, however.
Its Mercer Index score is only about 63.3.
Germany
Along with Spain, the standard retirement age in Germany is 66.
However, the plan is to bring it up to 67 by 2031.
As for the Mercer Index, its 67.3 for Germany.
When it comes to theaverage life expectancyin Germany, its between 80 and 81 years.
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