When should we start investing for retirement?

https://www.cnbc.com/2019/09/04/the-age-when-americans-start-saving-for-retirement.html

As the world population enjoys the long life-expectancy, it is inevitable that the pension in any country would be depleted.  As a result, we have been advised and persuaded to save money during our working years. Then, I start to wonder what the appropriate age would be to start saving for retirement in the world. An article released by CNBC talks about when American people should start investing for retirement. This article states that a significant portion of U.S. adults are delaying starting to save for retirement until a decade or more into their working career. Also, half of adults between 18 and 34 are not saving for retirement at all, compared to 42% of adults aged 35 to 44, and 40 % aged 45 to 64. The financial experts highlight the benefits of starting saving and investing for retirement early in 20s. They add that if a person starts saving as soon as he/she/they can, the amount that he/she/they have to save will not be too much burden on us.  Otherwise, the amount for saving should be increased and bigger if he/she/they delay starting the practice.

After reading this article, I begin wondering about the people in the European Countries which have strong social welfare system. Are those living in Europe advised to save for their retirement as soon as possible like American people? What is your thought?

 

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