From Yahoo Finance: 2024-06-10 11:30:16

Elon Musk praises France for raising retirement age to 64, citing longer life spans and financial sustainability as reasons behind the move. This contrasts with Musk’s followers who criticize the decision. In the U.S., retirement age for Social Security benefits is gradually increasing, currently set at 66 years and two months for those born in 1955 and 67 for those born from 1960 onwards. Various retirement savings plans like 401(k)s and IRAs supplement Social Security benefits. France’s pension system faces challenges due to worker-to-retiree ratios, prompting reforms to increase retirement age to 64 like in Italy, Germany, the UK, and Spain.



Read more at Yahoo Finance: Musk Advocates Late Retirement: Praises France’s Bold Move