FILE - In this Nov. 6, 2015 file photo, an elderly couple walks down a hall of a nursing home in Easton, Pa. (AP Photo/Matt Rourke, File)
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"The size of the gap is such that it requires action" from policymakers, employers and individuals, said report co-author Han Yik, head of institutional investors at the World Economic Forum. Unless more is done, older people will either need to get by on less or postpone retirement, he said. In the U.S., the forum calculates that 65-year-olds have enough savings to cover just 9.7 years of retirement income.Retirement Savings GapMost of the world's retirees are doing well compared with those in Japan, where the retirement savings gap is 15 years for men and almost 20 years for women.As a result, average savings in Japan are only enough to cover 4.5 years of retirement.
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