Tag: retirement age
The increase in the average retirement age has been driven by those with more education. Today, male college graduates retire about three years later than high school graduates (see Figure). While the story is more complicated for women because of the dramatic change in their labor force participation rates over the latter half of t…
Retirement age is moving up for men and holding steady for women. About half of today’s working-age households will not be able to maintain their standard of living in retirement. Social Security will provide less relative to pre-retirement earnings; 401(k) balances are meager; and half the private sector workforce does not have an employer-sponsored plan. …
