Retirement across cultures
In this country, people typically spend retirement working part-time, taking up hobbies, or relaxing.
What is USA?
True or false: when someone retires, it affects their mental health.
What is true?
This is why people should save their money.
What is to retire early?
A major event that caused financial struggles in the 1930's.
What is "The Great Depression"?
This country is known for the concept of “ikigai”, which encourages finding your purpose after retirement.
True or false: when someone retires they automatically feel happy.
What is false?
This is why medical expenses rise during retirment.
What are long lasting health issues and inflation?
The plan that allowed the responsibilty of retirement savings to move from the employees to the individuals.
What is a "401k"?
In this country, retirees often play a big role in taking care of their grandchildren and staying closely connected to family.
What is China?
A reason why someone might get a part time job after retiring.
What is to feel a sense of purpose?
True or false: the 4% rule will depleat in 30 years.
What is false?
This is the portion of millenials that have no retirement savings at all.
What is "2/3's"?
“La dolce vita” or “the sweet life” describes retirement in this country, where the people focus on slowing down and enjoying life.
What is Italy?
A reason someone might travel more after retiring.
What is to see new things and to rid themselves of boredem?
True or false: benefits for social security increase 8% each year.
What is true?
The "act" that protected older workers to reduce forced retirement.
What is "the Age of Discrimination in Employment Act"?
In this country retirees most likely to return to their previous job with lower pay to maintain a sense of purpose.
What is Japan?
Why a retiree might pickup extra hobbies throughout the days.
What is to keep social connections?
A compound growth does this.
What is "allows you to create significant growth if you start saving early?"
These are the two main reasons for the low birth rates in the 1950's.
What are "infant mortality and infectious disease"?