A Reluctance to Retire Means Fewer Openings By CATHERINE RAMPELL and MATTHEW SALTMARSH FROM The New York Times

"Retirement income typically comes from a combination of three buckets: state pensions, corporate pensions and individual arrangements. In many other industrialized countries, that first bucket — state pensions — supports a large amount of retirees’ income.

The typical American receives just 45 percent of his preretirement wage through Social Security, according to the Organization of Economic Cooperation and Development."