
Frederick Vettese
May 24, 2023

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The line segments in the chart represent the average length of the retirement period in various Organization for Economic Co-operation and Development (OECD) countries. Italy ranks first while Canada is near the median. Americans have a comparatively short life expectancy, owing largely to a high obesity rate, limited access to health care and one of the biggest income gaps in the world. While the average retirement period increased substantially in most countries since 1970, that trend is now stabilizing, and even reversing, as a result of slowing mortality improvements and increasing normal retirement ages.

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