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How Does the U.S. Compare Globally on Retirement Ages?

The standard U.S. full retirement age (FRA), as most people know, was 65 until the steps were taken in 1983 to deal with a funding crisis. The FRA was changed then to a phasing-in schedule for those born in 1938 to 1959 adding two months per year up to those born in 1960 and later, at which point it was set at 67. Now, as lawmakers deal with the looming solvency problem facing Social Security, further setbacks in the FRA are frequently discussed, often prompting many to ask, “What do other countries do?” GoBankinRates’ Gina Hagler, in a post on, addresses this question by comparing retirement ages in a host of European countries with the current U.S. retirement age.

In addition to the statistic itself, Ms. Hagler includes an interesting definition of parameters used by the  Organisation for Economic Co-operation and Development (OECD), presenting interesting terminology on the terms “Current Retirement Age” and “Effective Retirement Age” and comparing these stats to the U.S.

Read Ms. Hagler’s post in full here.

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