These 20 Retirement Conditions Will Change Over the Years

Older retirement age

Workers who retire at 50 or 55 will be increasingly rare in the future. By 2065, the OECD estimates that the average age of retirement in its member countries will increase by two years to 66 years old. Some countries will even set the retirement age at over 70 years old. That’s the case in Denmark, which is planning to set the retirement age at 74 years old.

In Canada, the government wanted to increase the retirement age to 67 years old but had to go back on its decision, keeping the retirement age at 65. However, Canada is an outlier, and economists expect many countries to raise the age of retirement to match longer life expectancies.