Tag: Average retirement age
Men are retiring at 64; women at 62. Since working longer is the key to a secure retirement for the vast majority of older Americans, it is useful to take a look at recent labor force trends. From the beginning of the 20th century, labor force participation of older men had declined steadily until t…
The brief’s key findings are: Since the mid-1990s, the average retirement age has risen: from 62 to 64 for men; and from 60 to 62 for women. This trend toward later retirement has been driven by several factors: changing incentives in Social Security and employer pensions; better education and health coupled with less strenuous jobs…
