Tag: retirement

Aerial view of shoes faced in opposite directions with arrows

Although the economy is technically in a recovery, unemployment remains high.  And the Fed’s August 9 decision to keep rates low through mid-2013 suggests that policymakers expect weak growth for the foreseeable future.  What’s happening to older workers in this never-ending malaise? The answer turns out to be a little complicated.  Two forces are at…

older_workers_10

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…