The United States is among the 20 wealthiest countries where retirees are most likely to return to work, according to a study issued in December by Preply Inc., a language learning app and e-learning platform.
The high cost of living in the U.S., combined with the country's low quality of health care relative to other nations, gives the United States the unenviable distinction of being the 17th leading nation among 45 where retirees are most likely to return to the workforce.
Of the world's 45 wealthiest nations, the U.S. has the 10th highest living costs and middling health care, ranked 23rd, according to Preply's analysis.
"The high cost of living, in combination with lower quality health care, suggests that it is more pressing for pensioners in the United States to return to the workforce in comparison to other advanced economies," said Mary Glowacka, head of Preply's People Centre of Excellence in Spain.
The top five countries where retirees are most likely to return to work are Poland, Italy, Ireland, Saudi Arabia and New Zealand.
Those whose retirees were least likely to return to work are Denmark, Finland, Netherland, Bahrain and Brunei.
Preply's research team analyzed eight data points from the world's 45 wealthiest countries, looking at factors such as the countries' welfare systems, economy and demographics. The data were then weighted in accordance with their estimated influence on a retiree's decision to return to the workforce.