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Survey Finds Gloomy Attitudes Toward Retirement – NYTimes.com

PARIS — People in the United States and Europe are increasingly pessimistic about their financial prospects for retirement, as cash-strapped governments face pressure to cut social programs and raise retirement ages, according to the results of a survey released Thursday.

The study, based on surveys of 9,000 people in the United States and Europe and funded by Aegon, a Dutch insurance company, found that 71 percent of those surveyed think future generations will be worse off in retirement than their parents.

That comes from a realization that with people living longer, the post-working years could be lean ones for many, and put major pressure on public finances.

via Survey Finds Gloomy Attitudes Toward Retirement – NYTimes.com.

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