The brief’s key findings are:
- Labor force activity among older Americans began rising in the mid-1980s due to:
- changing Social Security incentives;
- the shift to 401(k) plans; and
- improving health, longevity, and education.
- Updated data, however, suggest that these factors may have played themselves out.
- As a result, the average retirement age has increased only slightly in the last 10 years: to 64 for men and 62 for women.