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.

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 WOMEN reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

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.

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.

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.

As of June 2024, there were approximately 320,490 residents between the ages of 30 to 34 years old in Singapore, making it the largest age group among its resident population. This reflects the increasingly aging population of Singapore, a significant demographical shift that will have long-lasting socio-economic repercussions. Living longer… The improvements in health care and quality of life has led to Singapore having one of the highest life expectancies in the world. Coupled with one of the lowest fertility rate globally, Singapore society faces a crisis of aging. The average age of its resident population is projected to increase to just under 51 years old by 2050. …and working longer The prospect of an aging population is worrying for a country whose most important resource is its people. The current retirement age of 62 would no longer be tenable when close to half the population is expected to be aged 65 years or older by 2050. There is already a trend of elderly workers re-entering the workforce, be it to keep themselves occupied or to support themselves financially. The share of the population who would be working well into old age looks set to increase in the future, as a majority of Singaporeans have indicated that they were not financially prepared for old age.Singapore is well-known for its emphasis on career and shunning welfare policies; however, there is an urgent need to rethink and overhaul its social security and medical care systems to weather the silver tsunami that is set to engulf the island state.