China to raise retirement age – Top nations where people work the longest

[{"selector":"#anim-1ccf55ef-cf0b-4580-906b-7859ce4ebb2d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-41fb7546-3b52-4f14-a83b-a7ff4144b749","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] By Priyanka Deshpande CNBC-TV18.com Published September 13, 2024

[{"selector":"#anim-6d45ca59-2a28-4338-8ef5-93aebabefce9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-43654ae9-067d-4333-b753-2dc5e4dc06c1","keyframes":{"transform":["translate3d(0px, 171.52780%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Starting next year, China will gradually increase its retirement age, which is currently among the lowest in the world's major economies. The policy will be implemented over a 15-year period.

[{"selector":"#anim-7b95724a-43e5-4222-9c89-5c9b13e1791f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8af5e141-c99b-42c0-b601-5a3e07c49362","keyframes":{"transform":["translate3d(0px, 146.90347%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] For men, the retirement age will be raised from 60 to 63 years. For women, it will increase from 50 to 55 years for those in blue-collar jobs and from 55 to 58 years for those in white-collar jobs. Take a look at other countries with high retirement ages as of August 2024:

[{"selector":"#anim-03496762-4491-4538-af74-6a86712e3535","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0b09ecfc-b1fe-4812-84e1-557d1acd0c2f","keyframes":{"transform":["translate3d(0px, 254.00514%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ca3cefee-8a1e-4fdc-893b-23a59d0066bd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-644e8fdd-432a-4bce-a6cf-3b41686dfe5e","keyframes":{"transform":["translate3d(0px, 323.70359%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Retirement age is currently 67 for men and women Italy, Australia, Netherlands, Greece, Denmark, Iceland Italy, Australia, Netherlands, Greece, Denmark, Iceland

[{"selector":"#anim-70110f54-0d08-404e-9569-96f9acccbd20","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b3a6e75a-c427-4cc0-9006-8da0fa6357b7","keyframes":{"transform":["translate3d(0px, 254.00514%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0b808f98-b7f1-4a34-8679-7cc9fb299174","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-22776bb7-3714-4740-bbe4-c862e3a1291f","keyframes":{"transform":["translate3d(0px, 575.79424%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Retirement age is currently 67 for men and 63 for women Israel Israel

[{"selector":"#anim-b9654e89-65f9-4c42-9468-0fb65eb6b03e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9aab059f-03ee-46c4-a5b9-a9f1f87c6e83","keyframes":{"transform":["translate3d(0px, 150.19494%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e3828de8-6ddc-4355-a6ef-cd5bed91f6d0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3b9d5190-fee8-42f0-94c1-f5effd017fb8","keyframes":{"transform":["translate3d(0px, 797.22297%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] In the US, while a person born before 1955 can retire with social security benefits at the age of 66, those born after 1959 must be 67. Each year between 1955 and 1959 adds 2 months. United States United States

[{"selector":"#anim-c8473032-da8e-42bd-862a-47428af65d8d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4a820902-3020-494e-a8e7-32705e335785","keyframes":{"transform":["translate3d(0px, 233.07492%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-62e81d8b-25f9-406d-b21c-7f4733ee2703","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aab4840f-84af-45c8-8f01-91d15ddb9d22","keyframes":{"transform":["translate3d(0px, 543.65137%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Retirement age is currently 66.5 for men and women Spain Spain

[{"selector":"#anim-da8892fd-491b-4789-b4b5-25994fac6ba1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2adf8947-a7aa-4ab6-a5aa-585026648e30","keyframes":{"transform":["translate3d(0px, 233.07492%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2dca531e-d78d-473f-b9a7-65b4ca997aad","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-16032b79-80eb-4183-ab0e-934559d02d04","keyframes":{"transform":["translate3d(0px, 543.65137%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Retirement age is currently 66.33 for men and women Portugal Portugal

[{"selector":"#anim-8617ed7d-4ad0-436b-ad4c-2d9ed15e114f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a1ee8b05-e997-49d8-9413-310d9c6b2603","keyframes":{"transform":["translate3d(0px, 233.07492%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-80a13e17-8fe5-455a-94fc-388707cb6962","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-159c18dd-2509-4187-ab1c-500a819b9139","keyframes":{"transform":["translate3d(0px, 543.65137%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Retirement age is currently 66 for men and women Germany, United Kingdom, Ireland Germany, United Kingdom, Ireland

[{"selector":"#anim-0f53a4db-a3a9-4fbd-8fba-13827207fd75","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bdb05e3d-ec88-4492-ac9b-abb09ce5313b","keyframes":{"transform":["translate3d(0px, 233.07492%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bdd09a10-f546-47b3-a558-83b4e22b3317","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-998a0eec-c06d-4f49-8cb6-a999c5038db3","keyframes":{"transform":["translate3d(0px, 543.65137%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Retirement age is currently 65.5 for men and women Cyprus Cyprus

[{"selector":"#anim-c9baca83-662f-49cc-86dc-a2432d982448","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-496a5ce3-5470-4c94-8163-343fabc333cc","keyframes":{"transform":["translate3d(0px, 233.07492%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f6c9201e-45b5-4b7c-b393-01f186a10698","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-910ea112-c2a7-4713-93c4-dc58d99dc7b6","keyframes":{"transform":["translate3d(0px, 543.65137%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Retirement age is currently 65 for men and 62 for women Brazil Brazil

[{"selector":"#anim-032b0785-2751-48c4-90ce-19f0acd5d73d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a66596f3-b98a-489b-ad68-41d4c9a82b3b","keyframes":{"transform":["translate3d(0px, 233.07492%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-15dfe226-cf04-44bd-9c61-158a3684b07e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-110bc682-33ea-44fa-b705-833df3f1b459","keyframes":{"transform":["translate3d(0px, 543.65137%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Retirement age is currently 65 for men and women Mexico, Philippines, Canada Mexico, Philippines, Canada

[{"selector":"#anim-e94bf395-2f97-42f0-b41e-3f2b12daa2bf","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0cfd52d5-3c26-4460-b702-e6e5f0ed12ef","keyframes":{"transform":["translate3d(0px, 233.07492%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3ac07646-20a2-44d7-9988-0e1bb9ecc9d0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7db640ba-6443-4984-97e4-318ff7e86b98","keyframes":{"transform":["translate3d(0px, 543.65137%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Retirement age is currently 60 for men and women India India

[{"selector":"#anim-c8698d41-f470-4145-888c-2a01b575b9fe","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Thanks For Reading! How to set and achieve your early retirement financial goals Read More