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• Only half of all Japanese say they've even thought about how to finance their retirement. And 63 percent are counting on getting most of their income from a government pension system that's going broke.
• When they look into the future, retirement experts see more changes in government pensions and longer careers than many workers had expected:
• -- Pension cuts are likely to hit most retirees but should fall hardest on the wealthy. Governments are likely to spend more on the poorest among the elderly, as well as the oldest, who will be in danger of outliving their savings.
• -- Those planning to work past 65 can take some comfort knowing they'll be healthier, overall, than older workers in years past. They'll also be doing jobs that aren't as physically demanding. In addition, life expectancy at 65 now stretches well into the 80s for people in the 34 OECD countries, an increase of about five years since the late 1950s.
• "My parents retired during the Golden Age of retirement," says Mercer consultant Dreger, 37. "My dad, who is 72, retired at 57. That's not going to happen to somebody in my generation."
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Today in History
The Associated Press
• Today is Sunday, Dec. 29, the 363rd day of 2013. There are two days left in the year.
• Today's Highlight in History:
• On Dec. 29, 1913, the first true "cliffhanger" movie serial, "The Adventures of Kathlyn," starring Kathlyn Williams, premiered.
• On this date:
• In 1170, Thomas Becket, the Archbishop of Canterbury, was slain in Canterbury Cathedral by knights loyal to King Henry II.
• In 1808, the 17th president of the United States, Andrew Johnson, was born in Raleigh, N.C.
• In 1812, during the War of 1812, the American frigate USS Constitution engaged and severely damaged the British frigate HMS Java off Brazil.
• In 1845, Texas was admitted as the 28th state.
• In 1890, the Wounded Knee massacre took place in South Dakota as an esti (Continued on page 29)
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