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US retirees risk running out of cash up to 10 years earlier: WEF

It says urgent action is needed from policymakers, employers and individuals

In the US, the World Economic Forum does the math, saying that 65-year-olds have enough savings to cover just 9.7 years of retirement income. That leaves the average American man with a gap of 8.3 years; women, who live longer, face a 10.9-year gap.

New York

ONE of the toughest problems retirees face is making sure their money lasts as long as they do.

From the US to Europe, Australia and Japan, retirement account balances aren't increasing fast enough to cover rising life expectancy, the World Economic Forum (WEF) warns in a...

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