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Reply to "Why are people obsessed with putting $$ in retirement?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It seems totally reasonable to think that savings are weighted towards the top of the distribution. But I'm not sure that changes the facts. Also US Social Security is the most generous of all the rich world public pensions. The Canadian equivalent of SS pays out approximately 13,000 CAD/year and the UK public pension is 100 GBP/week. [/quote] Source? This link is from 2013, but it puts the U.S. at 31st out of 34 OECD countries for benefits as a percentage of earnings. U.S. workers get 41% on average, U.K. is a little behind at 37% but Canada is ahead at about 51%. All three are at the low end of the range, though, with much of Europe being far ahead of us.[/quote] Forgot the link: http://www.businessinsider.com/almost-every-other-advanced-country-has-higher-relative-social-security-benefits-than-the-us-2013-12[/quote]
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