Israel, Iceland, and Norway had the highest current retirement ages worldwide of the 45 countries included at 67 years. Meanwhile, Indonesia had the highest effective retirement age at 69.

This dataset provides values for RETIREMENT AGE MEN reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This dataset provides values for RETIREMENT AGE WOMEN reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The statistic above provides information about the average retirement age in the United States from 1900 to 2012. Most of the people were about 76 years old when they ended work in 1900, while the generation in 2010 was aged 64. Additional information on the retirement age in the United States Societal changes, technological advancements and domestic social welfare pension policies have all contributed to a general lowering of the average retirement age. Although the average retirement age has remained relatively steady between ** and ** for decades, age demographic disparities are set to threaten the continence of this trend. The retirement age is similarly low in other developed countries subject to the same trend. The average retirement age of workers in the United States and the effect it has on the wider economy and society has become an important focus. In recent years many countries, including the United States, have acknowledged the issue of aging populations and the potential strain this may put on the economy. The danger lies in rising pension payments and gaps in the labor force upon the looming retirement of the so-called baby boom generation born following the Second World War. While there is a commonly accepted consensus that the government should play at least a role in the provision of financial means to retirees, policy action in regard to this growing problem has been minimal. Such an approach will do little to minimize the existing fears held by retirees over payment of basic needs and medical expenses. Perhaps as a response to these concerns, many current workers in the United States expect to continue working in a full or part time capacity upon reaching the retirement age.

Monaco is the country with the highest median age in the world. The population has a median age of around 57 years, which is around six years more than in Japan and Saint Pierre and Miquelon – the other countries that make up the top three. Southern European countries make up a large part of the top 20, with Italy, Slovenia, Greece, San Marino, Andorra, and Croatia all making the list. Low infant mortality means higher life expectancy Monaco and Japan also have the lowest infant mortality rates in the world, which contributes to the calculation of a higher life expectancy because fewer people are dying in the first years of life. Indeed, many of the nations with a high median age also feature on the list of countries with the highest average life expectancy, such as San Marino, Japan, Italy, and Lichtenstein. Demographics of islands and small countries Many smaller countries and island nations have populations with a high median age, such as Guernsey and the Isle of Man, which are both island territories within the British Isles. An explanation for this could be that younger people leave to seek work or education opportunities, while others choose to relocate there for retirement.

Ukraine Average Monthly Pension: ow by Age data was reported at 1,808.900 UAH in 2016. This records an increase from the previous number of 1,690.300 UAH for 2015. Ukraine Average Monthly Pension: ow by Age data is updated yearly, averaging 370.750 UAH from Dec 1993 (Median) to 2016, with 24 observations. The data reached an all-time high of 1,808.900 UAH in 2016 and a record low of 3.069 UAH in 1993. Ukraine Average Monthly Pension: ow by Age data remains active status in CEIC and is reported by State Statistics Service of Ukraine. The data is categorized under Global Database’s Ukraine – Table UA.G022: Pensioners and Employee Benefits.

Due to rising fuel prices between 2010 and 2014, many airplanes were replaced by newer models that are more fuel-efficient. In 2019, the average age of passenger jets removed from the global commercial fleet was around 22.8 years.

Kazakhstan Average Monthly Pension: Old Age: Incomplete Length of Services data was reported at 32,728.000 KZT in Jun 2018. This records an increase from the previous number of 32,526.000 KZT for Mar 2018. Kazakhstan Average Monthly Pension: Old Age: Incomplete Length of Services data is updated quarterly, averaging 7,551.000 KZT from Dec 1999 (Median) to Jun 2018, with 75 observations. The data reached an all-time high of 32,728.000 KZT in Jun 2018 and a record low of 2,387.000 KZT in Dec 1999. Kazakhstan Average Monthly Pension: Old Age: Incomplete Length of Services data remains active status in CEIC and is reported by The Agency of Statistics of the Republic of Kazakhstan. The data is categorized under Global Database’s Kazakhstan – Table KZ.G030: Average Monthly Pension and State Social Benefits.

Kazakhstan Avg Monthly Pension: Civilians: Old Age data was reported at 48,385.000 KZT in 2017. This records an increase from the previous number of 40,514.000 KZT for 2016. Kazakhstan Avg Monthly Pension: Civilians: Old Age data is updated yearly, averaging 14,730.500 KZT from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 48,385.000 KZT in 2017 and a record low of 4,298.000 KZT in 2000. Kazakhstan Avg Monthly Pension: Civilians: Old Age data remains active status in CEIC and is reported by The Agency of Statistics of the Republic of Kazakhstan. The data is categorized under Global Database’s Kazakhstan – Table KZ.G031: Average Monthly Pension and State Social Benefits (Annual).

In 2023, the median age of the population of the United States was 39.2 years. While this may seem quite young, the median age in 1960 was even younger, at 29.5 years. The aging population in the United States means that society is going to have to find a way to adapt to the larger numbers of older people. Everything from Social Security to employment to the age of retirement will have to change if the population is expected to age more while having fewer children. The world is getting older It’s not only the United States that is facing this particular demographic dilemma. In 1950, the global median age was 23.6 years. This number is projected to increase to 41.9 years by the year 2100. This means that not only the U.S., but the rest of the world will also have to find ways to adapt to the aging population.

In 2023, about 17.7 percent of the American population was 65 years old or over; an increase from the last few years and a figure which is expected to reach 22.8 percent by 2050. This is a significant increase from 1950, when only eight percent of the population was 65 or over. A rapidly aging population In recent years, the aging population of the United States has come into focus as a cause for concern, as the nature of work and retirement is expected to change to keep up. If a population is expected to live longer than the generations before, the economy will have to change as well to fulfill the needs of the citizens. In addition, the birth rate in the U.S. has been falling over the last 20 years, meaning that there are not as many young people to replace the individuals leaving the workforce. The future population It’s not only the American population that is aging -- the global population is, too. By 2025, the median age of the global workforce is expected to be 39.6 years, up from 33.8 years in 1990. Additionally, it is projected that there will be over three million people worldwide aged 100 years and over by 2050.

In 2022, the state with the highest median age of its population was Maine at 45.1 years. Utah had the lowest median age at 32.1 years. View the distribution of the U.S. population by ethnicity here.

Additional information on the aging population in the United States

High birth rates during the so-called baby boom years that followed World War II followed by lower fertility and morality rates have left the United States with a serious challenge in the 21st Century. However, the issue of an aging population is certainly not an issue unique to the United States. The age distribution of the global population shows that other parts of the world face a similar issue.

Within the United States, the uneven distribution of populations aged 65 years and over among states offers both major challenges and potential solutions. On the one hand, federal action over the issue may be contentious as other states are set to harbor the costs of elderly care in states such as California and Florida. That said, domestic migration from comparably younger states may help to fill gaps in the workforce left by retirees in others.

Nonetheless, aging population issues are set to gain further prominence in the political and economic decisions made by policymakers regardless of the eventual distribution of America’s elderly. Analysis of the financial concerns of Americans by age shows many young people still decades from retirement hold strong concern over their eventual financial position.

Kazakhstan Average Monthly State Social Benefits: Old Age data was reported at 14,708.000 KZT in Mar 2018. This records an increase from the previous number of 12,719.000 KZT for Dec 2017. Kazakhstan Average Monthly State Social Benefits: Old Age data is updated quarterly, averaging 6,374.000 KZT from Dec 1999 (Median) to Mar 2018, with 74 observations. The data reached an all-time high of 14,708.000 KZT in Mar 2018 and a record low of 2,175.000 KZT in Dec 2000. Kazakhstan Average Monthly State Social Benefits: Old Age data remains active status in CEIC and is reported by The Agency of Statistics of the Republic of Kazakhstan. The data is categorized under Global Database’s Kazakhstan – Table KZ.G030: Average Monthly Pension and State Social Benefits.

Kazakhstan Number of Pensioners: Civilians: Old Age data was reported at 2,056.500 Person th in 2017. This records an increase from the previous number of 1,978.700 Person th for 2016. Kazakhstan Number of Pensioners: Civilians: Old Age data is updated yearly, averaging 1,658.250 Person th from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 2,056.500 Person th in 2017 and a record low of 1,583.600 Person th in 2007. Kazakhstan Number of Pensioners: Civilians: Old Age data remains active status in CEIC and is reported by The Agency of Statistics of the Republic of Kazakhstan. The data is categorized under Global Database’s Kazakhstan – Table KZ.G031: Average Monthly Pension and State Social Benefits (Annual).

According to Cognitive Market Research, the global Retirement Home Services market is growing at a compound annual growth rate (CAGR) of 3.90% from 2023 to 2030. Rising Global Life Expectancy Is Driving The Growth of the Market

People are living longer lives than they were a few decades ago. This is due to low rates of cardiovascular and infectious disease mortality. The majority of deaths in the world were caused by three primary health conditions: ischemic heart disease, chronic obstructive pulmonary disease (COPD), and stroke.

Since the 1990s, the average number of fatalities has grown. The number of people dying from illnesses such as heart disease has increased as the world population has grown.

The decrease in age-specific mortality rates for various illnesses is evidence of the healthcare industry's success.Life expectancy increases as a result of breakthroughs in public healthcare facilities and significant developments in the healthcare business, as well as higher living standards, increased nutrition, better education, and lifestyle changes. An individual's global average age is mostly determined by living conditions and place of residence. These factors will boost market growth during the forecast period.

Technological Developments Will Boost Market Expansion

During the forecast period, technological advancements in long-term healthcare are anticipated to propel market expansion. This is brought on by the increase in Internet usage, which has sparked the development of online marketplaces, mobile apps, and mHealth. There is a rising need for support services including smartphone apps, trackers, wearables, communication tools, and smart alarms. These tools allow nurses and caregivers to monitor, document, and observe patients as well as connect with medical specialists.The use of computer and mobile phone-based patient data management among these technologies is spreading throughout long-term care.

Apps that create electronic health records (EHRs) and mobile health records (MHRs) are now available, making it simpler for consumers and healthcare professionals to access and exchange health information.

(Source:health-e.in/blog/phr-apps-india/)

The main technological advancements are mHealth and mobile-based healthcare applications that produce electronic health records (EHRs) and mobile health records (MHRs). When there are medical emergencies, other technologies, like alarm integration methods, are employed to notify service providers and caregivers. As they lessen the dependency on carers, smart houses are becoming more popular in industrialized nations. Thus, the market's expansion over the course of the forecast period will be fueled by the rising acceptance of such cutting-edge technical solutions.

The Aspects of the Retirement Home Services Market are Limitingits Growth

Negative Reputation Of Retirement Homes Is A Significant Barrier To Market Growth

Though living in the comfort of one's own home is always preferable, living in an old age home has its advantages. However, just a few old age facilities provide the bare minimum of quality for a comfortable stay. The cost of services supplied by old age homes is heavily influenced by the quality of those services. Many individuals enroll in retirement homes that lack basic infrastructure and services because they cannot afford the hefty service fees. Residents at nursing facilities are rarely given privacy. The environment in certain nursing facilities frequently results in despair, boredom, neglect, and, in some cases, abuse.

Impact of COVID-19 on The Retirement Home Services Market

Due to the risk of getting the virus in communal living arrangements, the pandemic has reduced demand for retirement homes. However, the epidemic has increased demand for retirement homes that provide specialized nursing care services. Retirement homes that provide specialized services for nursing care are growing more popular as individuals seek a safe and comfortable place to live. Introduction of Retirement Home Services

A retirement home is a multi-residence living complex designed for the elderly, sometimes known as an old people's home or old age home. Everyone or a couple resides in a room or suite of rooms that is akin to an apartment. There are more facilities in the building. This will include places for gathering, eating, playing, and receiving some kind of healt...

Kazakhstan Avg Monthly Pension: Civilians: Old Age: Incomplete Length of Services data was reported at 29,790.000 KZT in 2017. This records an increase from the previous number of 23,379.000 KZT for 2016. Kazakhstan Avg Monthly Pension: Civilians: Old Age: Incomplete Length of Services data is updated yearly, averaging 6,691.000 KZT from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 29,790.000 KZT in 2017 and a record low of 2,653.000 KZT in 2000. Kazakhstan Avg Monthly Pension: Civilians: Old Age: Incomplete Length of Services data remains active status in CEIC and is reported by The Agency of Statistics of the Republic of Kazakhstan. The data is categorized under Global Database’s Kazakhstan – Table KZ.G031: Average Monthly Pension and State Social Benefits (Annual).

Monaco had the highest life expectancy among both men and women worldwide as of 2024. That year, life expectancy for men and women was ** and ** years, respectively. The East Asian countries and regions, Hong Kong, Japan, South Korea, and Macao, followed. Many of the countries on the list are struggling with aging populations and a declining workforce as more people enter retirement age compared to people entering employment.

China’s aircraft fleet is expected to reach an average age of *** years in 2020, whereas the North American fleet an average age of ** years. By 2030 this gap is expected to narrow though, with the average fleet ages predicted to be between *** years and **** years respectively. Reasons for updatingThe main reason for replacing aircraft is not because planes become less safe as they age, but because newer planes are cheaper to operate. For example, newer aircraft are generally more fuel efficient – an important factor given the volatility in the price of aircraft fuel and its current trend upwards. On average, aircraft are retired after around 25 years. Fleet age trendsThe general pattern is that more established markets and carriers have older fleets. For example, in the North American market, the traditional full-cost carriers have average fleet ages well above 10 years, whereas the average fleet age of the newer low-cost carriers are mostly below ** years. However, established markets with a higher number of older aircraft provide more opportunity for aircraft to be replaced sooner. This explains the above forecast that the average fleet age in established markets will reduce by 2030, whereas markets with newer fleets will increase in average age.

Kazakhstan Number of State Social Benefit Recipients: Civilians: Old Age data was reported at 1.200 Person th in 2017. This records a decrease from the previous number of 3.400 Person th for 2016. Kazakhstan Number of State Social Benefit Recipients: Civilians: Old Age data is updated yearly, averaging 15.300 Person th from Dec 1998 (Median) to 2017, with 20 observations. The data reached an all-time high of 22.500 Person th in 2012 and a record low of 1.200 Person th in 2017. Kazakhstan Number of State Social Benefit Recipients: Civilians: Old Age data remains active status in CEIC and is reported by The Agency of Statistics of the Republic of Kazakhstan. The data is categorized under Global Database’s Kazakhstan – Table KZ.G031: Average Monthly Pension and State Social Benefits (Annual).

Kazakhstan Avg Monthly Pension: Civilians: Old Age: Complete Length of Services data was reported at 50,855.000 KZT in 2017. This records an increase from the previous number of 42,236.000 KZT for 2016. Kazakhstan Avg Monthly Pension: Civilians: Old Age: Complete Length of Services data is updated yearly, averaging 14,979.500 KZT from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 50,855.000 KZT in 2017 and a record low of 4,333.000 KZT in 2000. Kazakhstan Avg Monthly Pension: Civilians: Old Age: Complete Length of Services data remains active status in CEIC and is reported by The Agency of Statistics of the Republic of Kazakhstan. The data is categorized under Global Database’s Kazakhstan – Table KZ.G031: Average Monthly Pension and State Social Benefits (Annual).