Money Talks: The United States is Doing Retirement Wrong
Slate Money
Shared Struggles of Longevity and Poverty
Japan and the United States exhibit alarming levels of elder poverty at 21% and 23% respectively, contrasting sharply with significantly lower rates in countries like the Netherlands and France. This situation indicates a failure of retirement systems in both nations rather than an issue of merely increased longevity, as there are indications that seniors in Japan may not be living as long as previously believed due to fraudulent reporting of living status. Both countries could benefit from learning from each other's shortcomings to improve the welfare of their elderly populations.
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