Retirement has become much longer across the rich world

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Retirement has become much longer across the rich world
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On average, men can expect to spend 20 years kicking back

past week protests in France against the government’s pension reforms have intensified. On March 24th, after a mob set fire to the façade of Bordeaux’s town hall, Emmanuel Macron, the president, postponed a four-day state visit by Britain’s monarch, King Charles III. France is no stranger to protests. But Mr Macron’s decision to force through an increase in the pension age from 62 to 64 years has aroused particular ire.

In 1970 men, on average, retired at 66 and could expect to live another 12 years. In 2020 they retired at 64 and had 20 years ahead of them. French men, in particular, have some of the lengthiest retirements—some 25 years on average, double that of the previous generation . By contrast, although their life expectancy at retirement has also doubled over the same period, Mexican men today spend 16 years in retirement.

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