Retirement around the world

Americans aren't the only ones struggling to save enough for their golden years

Retirement is not as easy as it looks.
(Image credit: ThinkStock/Pixland)

Earlier this month, we reported that 62 percent of American workers plan to delay retirement. As it turns out, feeling unready for retirement is not unique to the U.S.

Workers in the U.K. expect their savings to fall 63 percent short, putting them at the top of the list. Chinese workers come in second with their expectation that their savings will fall short by 50 percent. In the U.S., workers anticipate that retirement will last 21 years and their savings will last for 14, which creates a shortfall of 33 percent. Seems pretty optimistic by comparison!

The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up

Nearly a third of the respondents plan to rely on government programs when they reach retirement, but the graying population and global government spending cuts may undermine those plans.

More from LearnVest...

* How to reboot your retirement plan

* Retirement savings by age: How do you compare?

* Infographic: The current state of world debt