Work till you drop? Here's why America's average retirement age keeps rising.

[Yo_Mama_Been_Loggin]

The average retirement age of American workers is creeping steadily up, according to a new report from a prominent economist.

And that trend invites a question: When will America's retirement age stop rising?

Over the past three decades, the average retirement age has risen by about three years, economist Alicia Munnell reports in an April research brief. The typical retirement age in 2024 was 64 for men, 62 for women.

The upward trend is slow but striking. In 1994, the average man worked to age 61, while the typical woman clocked out at 59.

https://finance.yahoo.com/news/till-drop-heres-why-americas-090325689.html

Because their corporate overlords are greedy.

[leftieNanner]

1. My brother in law is 71

Still working full time because his wife is 62 and needs his employer offered health insurance. He has to go 3 more years until she can get Medicare.

[Skittles]

3. just curious

is she ill and cannot work?

I do firmly believe healthcare should NOT be tied to employment.

[leftieNanner]

9. She has health issues,

She works, but her employer doesn't offer health insurance and the ACA would cost them $1500 per month.

[Skittles]

10. it is insane

for-profit healthcare is WRONG - it's been bad a long time - both Hillary and Obama tried to change things but repukes always bow to their donors

[MichMan]

2. The high inflation from 2021-2023 was a significant factor in many people delaying their retirement-

People that thought they have saved enough saw their purchasing power decline by 20%

[Skittles]

4. that was worldwide

I'm curious if the retirement trend is worldwide

[DUU]

5. Plan ahead (retirement comes much sooner than you think)

To quote one of my contemporaries who retired ~10 years ago and expected to live off savings while maintaining his high standard of living, “How am I (now) supposed to live on $1500/month (social security)?

I worry about younger generations (under 50) hitting this same retirement dilemma.
Plan ahead for life and contingencies afterwards. 50-60 years of adulthood goes by very quickly in retrospect, and our social safety nets leave much to be desired.

[Skittles]

8. I think that message is much more apparent to younger generations

the problem with the older folk now is, a lot of them were unprepared for the shift from pensions to 401Ks - and that is only IF they were lucky enough to even have ACCESS to one

the retirement savings system now without pensions is a crap shoot

[lostnfound]

6. I would have retired except for who is in the whitehouse. In case he wrecks the economy and kills Obamacare.. nt

[Skittles]

7. whitewash article

the number one reason is they cannot afford to retire because they have been thoroughly fucked over

and who gives a FUCK what a conservative think tank thinks