The Center for Retirement Research at Boston College is reporting that since the mid-1990s the average retirement age for men has increased from 62 to 64 and for women from 60 to 62. The researcher relates this to:
- changing incentives in Social Security and employer pensions;
- better education and health coupled with less strenuous jobs; and
- the decline in retiree health insurance.
1 comment:
And the numbers will turn right around thanks to the super recession. Folks laid off at/around 62 don't have the option to wait til 64/65 any longer.
Post a Comment