Tag: life expectancy

Pile of newspapers

Life expectancy for 65-year-olds in the United States is less than in France, Japan, Spain, Italy, Australia, Canada, the United Kingdom, the Netherlands, and Germany. Fifty years ago, we ranked third. First, some perspective: during that time, the average U.S. life span increased dramatically, from age 79 to 84. The problem is that we haven’t…

Photo of Social Security Administration building

Not that far, but high earners, who live long and claim late, come out ahead. The option to claim Social Security early was introduced over 60 years ago, when Congress set 62 as the program’s “Earliest Age of Eligibility.”  To keep lifetime benefits constant, on average, those claiming at 62 receive 20 percent less in…