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The World Braces for Retirement Crisis
Associated Press via Penn Live Link to more items from this source
Dec. 30, 2013

"Many people will be forced to work well past the traditional retirement age of 65 -- to 70 or even longer. Living standards will fall, and poverty rates will rise for the elderly in wealthy countries that built safety nets for seniors after World War II. In developing countries, people's rising expectations will be frustrated if governments can't afford retirement systems to replace the tradition of children caring for aging parents. The problems are emerging as the generation born after World War II moves into retirement."

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