Normal retirement age (NRA)
Full Retirement Age In the News (Again)
Life expectancy has improved substantially since the inception of Social Security nearly a century ago. Consequently, retirement benefits need to be paid for much longer than originally intended. To borrow a phrase from Mercatus Center’s Charles P. Blahous in his…
A Deeper Dive Into the Increased Full Retirement Age Question
The Social Security system’s steadily eroding financial picture is becoming more noticeable in the media these days, especially since approval of the “Social Security Fairness Act” deepened the hole. It’s not new news, of course, but we’re beginning to see…
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…