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America’s Retirement Age: 85 is the new 65! - MSN
Old norms take a long time to change, but one lingering phenomenon seems to be changing - retirement age in America. For many decades, age 62 (when Social Security benefits become available) or age 65 (when Medicare becomes available) have been viewed as traditional retirement ages. But as we have experienced increased life expectancy (thanks to advancing medical technologies), more and more Americans are viewing retiring in their 60s as “too soon.” Today, many senior citizens are still working in their 70s and, increasingly, in their 80s, according to this MSN Business Insider article by Noah Sheidlower. Statistically, that trend seems inexorable, though it is somewhat offset by a goal by some of the younger generations to retire as early as age 35. In any event, this article offers an interesting discussion of how retirement age is viewed in today’s American world. Click here to read more.
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I am 70+ I retired at 65 with medical issues
I actually had to stop working at 63. It was difficult to manage before I qualified for my Social Security. By 65-70 it is mostly the financial situation for many, because people don’t know in their early careers to put back (save) 20 to 30% for retirement. Most don’t start saving until 30-40 years old.